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Gold and silver precious metals week review: interest rates expected abuse price down Yin ( 8. 22 - 8. 26)

by:Deyuan      2020-12-23
Enveloped in raising interest rates expected, gold and silver poor performance this week, especially heavy falls in silver. Non-agricultural data again next week to lead, not surprisingly, expect the U. S. data to moderate, the silver is given priority to with ended higher after initially falling.

a, precious metals market review

enveloped in raising interest rates expected, gold and silver poor performance this week, especially heavy falls in silver. Recorded by draft spot gold to 1324. 92 dollars, Bai Yinlu 18. The latest reported $1077, $65, platinum domestic gold close at 284 99. 85 yuan/grams, gold closed at 285 95. 64 yuan/grams, platinum 95 closed at 245. 75 yuan per gram.

2, relevant market analysis,

1. Peripheral market

beauty refers to in this week's performance is not bad, although plate has a significant fluctuations, but do not change the overall to the good trend, there is beauty refers to the demand of the lows, or adverse effects on the gold to continue in the short term.

just as we expected last week, this week the price of crude oil, a base of oversupply in that, oil price want to absolute reversal, that also need supported by the fundamentals. Conservative Saudi energy secretary for crude oil production, the market once again worried about too much oil supplies. Crude oil prices, gold prices also rut, positive correlation between give priority to.

energy health-care stocks slump dragged down the stock market prices decline, the market worried that the fed raising interest rates also make the stock market is difficult to have a good performance, with gold stocks this week.

  2. Fund positions trend

by August 25, 2016, the world's largest Gold fund SPDR Gold Shares Gold holdings to 956. 59 tons, continue to reduce its 1 last weekend. 78 tons. At present institutions cautious attitude, gold continues to sideways, organizations need a lot of support to make the next step of judgment.

in the same period, Silver Silver fund Trust ( SLV) Silver holdings to 11100. 66 tons, 59 to underweight from last week. 8 tons. Late this week fund holdings of silver, silver with silver, institutions for silver is relatively late on.

3, market inventory

the U. S. sales of existing homes fell 3 July. 2% to an annual rate of 5. 39 million units, analysts' forecasts in July existing-home sales decline in 0. 4% to an annual rate of 5. 51 million

month-on-month growth in durable goods orders in July 4. 3 4%, forecasts for growth. 3%, the first value is by 4. 2%.

the United States on August 20, the week after the seasonally adjusted jobless benefits to reduce 1000 to 26. 10000 people, has been 77 consecutive weeks remain below the 300000 mark, forecast of 26. Before 50000, value of 26. 20000 people.

4, a Zhou Chongyao future events and data

on August 29, banking day in summer. The London stock exchange was closed one day.

on September 2, the U. S. unemployment rate in August, Wan)

5, and to the rich treasure

1. Gold

gold near $1320 staging a certain support, market speculation constantly raise interest rates, also affect the gold price movements in the short term is relatively important factors, for now, gold has dropped slightly space, medium term is expected to rebound, low operation on real business bargain.

  2. Silver

the silver is given priority to with continue to callback, below support may continue to fix to 17. Near $9, recent market mainly focus on interest rates, and non-agricultural data again next week to lead, not surprisingly, expect the U. S. data to moderate, the silver is given priority to with ended higher after initially falling.
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