Precious metals week review: please don't be put before the United States is not raising interest rates (gold and silver 8. 8 - 8. 12)
a, precious metals market review
the beautiful battered by non-agricultural data, precious metals prices once confined, but then because countries such as New Zealand loose monetary policy, precious metals prices rebound slightly. But this week the platinum palladium stunning, presents the fast in crash.
recorded by draft spot gold to 139. $42, Bai Yinlu 19. 95 dollars, platinum last at 1140. Close at 286 $5, 99 gold. 8 yuan/grams, gold closed at 286 95. 2 yuan/grams, platinum 95 closed at 259 yuan per gram.
2, relevant market analysis,
1. Peripheral market
influenced by Friday's non-farm data is excellent, the dollar index was high to 96. 5, near concussion after later. Strong beauty instruction precious metals prices under pressure, presents good negative correlation relationship between this week.
macy's revenue and profits have exceeded expectations, as well as the U. S. jobless claims optimistic, all support U. S. stock prices higher. At present the market outlook for the U. S. economy relatively optimistic, U. S. stocks or continue to remain strong.
affected by global excess supply of crude oil price of crude oil continues to Yin, the Saudi oil long said may take action to stabilize oil prices to obtain short-term rebound, the price of crude oil is not ideal for gold is bullish.
2. Fund positions trend
by August 11, 2016, the world's largest Gold fund SPDR Gold Shares Gold holdings to 972. 32 tons, is to reduce its 8 last weekend. 02 tons. Positive economic data, such as the United States non-farm institutions have hesitation on afternoon gold, institutions slightly underweight stocks.
in the same period, Silver Silver fund Trust ( SLV) Silver holdings to 10941. 12 tons, more overweight 29 last weekend. 55 tons. Silver holdings to maintain the sharply increased its stake, or flat, institutions for silver prices carefully.
3, market inventory
on August 10, the fed will cut interest rates on schedule in New Zealand by 25 basis points to 2%, and said to curb domestic deflation, may need further monetary easing.
on August 11, the week ended Aug. 6, the number of initial claims for unemployment benefits fell 1000 to 26. Less than 300000, 60000, 75 consecutive weeks, continuous time and the longest since 1973.
4, a Zhou Chongyao future events and data
on August 16, Australia announced the fed's monetary policy meeting minutes of August.
August 18, the United States on August 13, when the jobless claims ( Wan)
August 18, the committee announced in July that fed monetary policy meeting minutes.
5, and to the rich treasure
bullish and bearish on the market at present is not very confident, need extra attention next week is the fed meeting minutes. After non-agricultural data optimistic, the market will be on the basis of observation will not policy-setting meeting has hinted that rates will not raise interest rates in the United States before, expect gold or wide range is given priority to, under the support of positive economic data, next week to shock slants down, gold or target $1300 below the line.
the recent trend of gold and silver in basically the same, if next week's data continues to improve, the mood optimistic, silver prices or fell to near $19. Long-short strength on the market at present, in the United States did not raise interest rates before, please don't see the silver.