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A word out of gold is rising (precious metals week review: 9. 5 - 9. 9)

by:Deyuan      2020-12-23
Market is influenced by U. S. economic data this week, presents the wide range of pattern, although this week brings market data is not big, but at present the market confidence is fragile, so the heartstrings of the U. S. economic data is particularly volatile markets. A

review, precious metals market market affected by U. S. economic data this week, presents the wide range of pattern, although this week brings market data is not big, but at present the market confidence is fragile, so the U. S. economic data is particularly volatile market, affected by interest rates expected hesitant, gold is given priority to with wide range this week. Recorded by draft spot gold to 1335. $55, Bai Yinlu 19. $48, platinum last at 1074. $2, 99 domestic gold close at 287. 7 yuan/grams, gold closed at 287 95. 48 yuan/grams, platinum 95 closed at 246. 5 yuan per gram.

1 second, the relevant market analysis. Peripheral market
this week U. S. economic data quality and a half, but on the whole market confidence in raising interest rates are low, the means and pressure decline, the spot price of gold rose sharply, at one point, and then continue to high range. This week is better negative correlation between relationship, estimates that in the short term will maintain such a relationship.
the EIA crude oil inventories fell support such as news this week, the price of crude oil has good performance, beauty also refers to the poor performance for crude oil also bring good support, but for the long run, the supply of crude oil is bigger, will continue to suppress the price of crude oil, adverse to the gold. This week there was positive correlation.
stocks this week, the relatively smooth, the market confidence in the economy of good stocks continue to high and volatile, and raising interest rates expected price high consolidation will continue to support the United States, we continue to watch the U. S. stocks in the medium term.
  2. Fund positions trend
as of September 8, 2016, the world's largest Gold fund SPDR Gold Shares Gold holdings to 950. 62 tons, the overweight 12 last weekend. 73 tons. Agency this week once the rapid increase of 14 tons, then continue to keep a low profile, it can be seen that the current lack of confidence in the market, bullish and bearish on the lack of good data to support.
in the same period, Silver Silver fund Trust ( SLV) Silver holdings to 11281. 64 tons, is substantially more 97 last week. 47 tons. The current fluctuation is bigger than gold silver, operating space is bigger, also showed the enthusiasm for silver should have. Inventory

3, the market in August the manufacturing purchasing managers index ( PMI) For 51. 4, forecast of 55. 7, 7 month is 55. 5.
the United States on September 3, the week after the seasonally adjusted jobless benefits to reduce 4000 to 25. 90000 people, has been 79 consecutive weeks remain below the 300000 mark, forecast of 26. Before 50000, value of 26. 30000 people.
4,
the next Zhou Chongyao events and data on September 13, the European central bank President Mario draghi ( Mario Draghi) In a speech in Italy;
on September 15, the PPI in August month rate ( %) ;
on September 16, the United States in August is not seasonally adjusted annual rate (CPI %) ;
the Shanghai gold exchange, September 15 to September 18, were closed, September 19, open as usual; On September 14th night without continuous trading. Shanghai futures exchange, September 15 to September 17th for a holiday, on September 18, will be closed for the weekend, on September 19th opened as usual; On September 14th night without continuous trading. Banking day in summer. The London stock exchange was closed one day.
5, and to the rich treasure
1. Gold
market focus on economic data, such as the United States PPI next week due to the current fragile market confidence, the performance of the U. S. data affect the market view of the U. S. economy. In view of the non-agricultural data set the tone of the poor, is expected in the short term gold will continue to benefit, technical, gold will continue to rise concussion near $1330, more than single cautious reserve is given priority to, above the target may continue to see near $1360.
  2. Silver
silver rise quickly this week, rising power is sufficient, cooperate with agencies for silver optimism, short-term silver is expected to remain relatively strong trend is given priority to, below the support at 19. Look at 20 near $4, above target. Two dollars a line.
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