Precious metals week review: gold is so capricious down, pull up, 6. 20 - 6. 24)
review, precious metals market sentiment around Britain withdrew the referendum last, volatile spot gold prices this week, but to press weeks K line graph or recorded more than 1% of the decline, the current should be referendum continues to rage, the results were announced before prices will remain wide fluctuations, above key resistance level 1310, below the support at around $1230. Of relatively flat, the referendum in the silver market in the whole running interval always maintain this week in the 17th. 1 - 17. 6.
recorded by draft spot gold to 1283. 88 dollars, Bai Yinlu 17. $41, platinum last at 972. Close at 271 $46, 99 gold. 72 yuan/grams, gold closed at 271 95. 60 yuan/grams, platinum 95 closed at 220. 00 yuan per gram.
1 second, the relevant market analysis. Peripheral market
market focus this week in the UK on the outcome of the referendum, before the United States refers to the performance are relatively flat, but as Britain's vote gradually clear, return the risk increases gradually, beauty refers to also rise quickly, at the moment, the safe-haven buying the gold with beauty refers to rise.
but the means of rapidly rising at the same time brings to the oil pressure, oil pressure decline, if the United States means to continue upward, trapped oil prices will continue next week.
stocks as a whole is given priority to with wide range pattern, refers to the rising by the good atmosphere, expects the stock market and rising space.
2. Fund positions trend
as of June 23, 2016, the world's largest Gold fund SPDR Gold Shares Gold holdings to 915. 90 tons, 8 increase from last weekend. 02 tons. Despite this week's gold prices keep falling, but it still continues into SPDR gold total holdings, is the highest level since September 2013, suggesting that fall still is considered a good buying opportunity, shows a long-term investor attitude to gold.
in the same period, Silver Silver fund Trust ( SLV) Silver holdings to 10661. 21 tons, an increase of 73 over the weekend. 92 tons. Silver and gold fund performance, on the other hand, SLV total holdings still dark selling performance this week, investors are more cautious about silver medium and long-term movements. Inventory
3, market on June 22, yellen said before interest rates need to see the improving labor market, the recent two months employment data is quite disappointing, and hope that the job market slowdown is temporary. She said the British back Europe, won't make the United States into recession; The economy is good, a strong dollar that the U. S. economy is better than other countries, and to emphasize, if necessary, the fed will be prepared in the UK in Europe to take action after the referendum.
on June 23, June 18, the United States the week after the seasonally adjusted jobless benefits reduced by 1. 80000 to 25. 90000 people, this is the biggest drop since February, not far from 43 year lows reached in March, the forecast of 270000 people, a value of 27 before. 70000 people.
the UK held off the referendum, initial reports from the voting, left the camp the probability of winning is bigger.
the next Zhou Chongyao events and data held on June 27, the European central bank central bank BBS, to June 29; Speakers including yellen, chairman of the federal reserve, European central bank President Mario draghi, the People's Bank of China governor zhou xiaochuan, the European central bank chief cole, the European central bank chief plait, the Asian development bank chief economist shang-jin wei and the bank of England governor carney, etc.
- June 28 U. S. real GDP in the first quarter season annualised rate of final value
on June 29, the G20's energy minister meeting, to June 30.
5, and to the rich treasure
in the UK under the influence of the back, near the spot gold has soared to $1307, are expected to continue, safe-haven buying gold and rising space, the line, the attention can break through $1315 over the operation on single more caution. Then at the end of the message digest, gold will give priority to with high wide range, at the appointed time.
the same silver, silver also present in the situation, short-term above could break through 17 at any time. $8 a line, next week is expected to remain choppy, operating on the bull after short-term holding underweight.