SunSirs: Price of Precious Metals in the Chinese Market Fluctuated forward on January 26
January 27 2022 08:21:05 SunSirs (Linda)
On January 26, the average price of the silver market in early trading was 4878.33 yuan/kg, a daily increase of 0.15%. Compared with the pre-holiday (December 31) spot market price, the average morning price was 4770 yuan/kg, an increase of 2.27%.
On January 26, the spot market price of gold was 376.63 yuan/gram, a daily increase of 0.16%, compared with the spot market price of 372.37 yuan/gram before the holiday (December 31), an increase of 1.14%.
Comparison of price trends of precious metals gold and silver in the past 1 year
The convergence of precious metals gold and silver is relatively good, and the price of silver has a large amplitude and basically the same direction.
Interest rate hike policy news
The central bank conducted a 200 billion yuan 14-day reverse repurchase operation today, and the winning bid rate was 2.25%, unchanged from the previous time. Another 100 billion yuan of reverse repurchase expired today, with a 7-day period.
Market outlook
The recent interest rate hike news has suppressed interest-free assets, and the price of precious metal silver has been under pressure. However, geopolitical news has triggered a certain rise in risk aversion. It is expected that in the short term, precious metal prices are still in a stage of weak upward movement and weak consolidation.
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