SunSirs: The Market is Hot, Chinese Precious Metals are Soaring, Pay Attention to the Risk of Gaps
July 29 2020 08:18:56 SunSirs (Linda)
List of spot precious metals price trends
According to data from SunSirs, the average price of silver in the market on July 20 was 4,527 yuan/kg, and the average price in the spot market on the 28th in early trading was as high as 6,076 yuan/kg, a maximum increase of 34.21%; the average price of gold in the market on July 20 was 398.45 yuan/g. On the 28th, the spot market price in early trading was the highest at 427.30 yuan/g, an increase of 7.24%. At present, the gold spot price has continuously exceeded the previous value. The gold commodity index on July 27 was 113.44, an increase of 2.92 points from the 26th, setting a new historical high in the cycle, and an increase of 96.67% from the lowest point of 57.68 points on August 2, 2015. . (Note: The cycle refers to 2011-09-01 to the present); The spot price of silver has been soaring recently, the market speculation is fierce, the price of precious metals hits new highs, the impulse and expectations of some traders to take profits are rising, the risk of precious metals investment increases, and the market outlook is cautious Operation-oriented.
The U.S. dollar index is beginning to show signs of stabilization, and the probability of gold skyrocketing has diminished. With the influence of some domestic banks' announcements on precious metal investment at noon, the enthusiasm for precious metal investment may fade slightly. Pay attention to the risk of gaps in the short-term, and the long-term trend will continue to move forward. Mainly.
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