Karnani said: The reason for the decline in the price of gold is that investors sold profits before the weekend, while the price of gold failed Advanced precious metalsto break the previous day's high of US$1,484.80 per ounce. The fall in the price of gold frightened traders that they would settle long positions at any price.
What will the world be like from 2011 to 2020? When the Iranian dynasty fell in 1980, Iran changed from being pro-American to anti-American. The United States supported Iraq in launching the Iran-Iraq war for ten years. By 1990, Iraq did not listen to the words of the United States and invaded Kuwick, and the United States sent troops to attack Iraq! Before 1990, the United States supported Afghanistan against the Soviet Union. In 2001, the United States sent troops to overthrow the Afghan regime. In the past ten years, personnel affairs have been renovated, and everything in the world has come together because of common interests, and it has also fallen out because of differences of opinion.
Barclays Capital (BarclaysCapital) said on Thursday (May 26) that South Africa's power supply crisis and labor negotiations may pose upside risks to platinum group metals in the short term. According to Barclays, South Africa’s National Electricity Company (Eskom) has stated that the local power supply remains tight due to severe weather, but there have been no frequent power outages. At the same time, South Africa's biennial labor negotiations have also added uncertainty to local mining output. Barclays said that power supply issues and negotiations on workers' wages will add burdens to the output of platinum group metals in the next few weeks, and the decrease in output will inevitably push up the price of platinum group metals. But the agency also mentioned that the sharp slowdown in demand from Japan since the country's catastrophe is expected to limit the rise of platinum group metals. At the same time, the continued lightening of platinum and palladium ETFs also put pressure on its prices.
Nowadays, with the rapid increase in investment costs, many financial investors tend to ignore the subsequent financial risks while pursuing high returns. Fortunately, the global financial crisis in 2008 and the series of chain reactions it caused had far less impact on my country's economy than other Western countries.
On that day, the price of silver futures for delivery in May rose 80.2 cents to close at $33.585 per ounce, an increase of 2.45%. The price of platinum futures for delivery in April rose 15.4 US dollars an ounce to close at 1627.3 US dollars, an increase of 1%.
The ETF gold fund may appear short and heavy in the market outlook. It is not a rhetoric, but Advanced precious metalsa forecast based on the changes in the international silver fund in the past half month. First of all, SLV, the world's largest silver fund, lightened its position by 150.41 tons on Wednesday, a record high in a single day to lighten its position. The fund's short-term intention is very obvious. Gold and silver are both affected by the same news, and their trends are basically the same. The drop in silver prices in the previous period has been affected by low gold buying, but now approaching the end of the year, investors choose high profits to lock in profits. Therefore, the mutual inhibition between the two is weakening
On that day, the price of silver futures for delivery in May 2013 fell by 6.7 cents to close at $28.612 per ounce, a decrease of 0.23%. The price of platinum futures for delivery in July 2013 rose by $13.7 to close at $1583.5 per ounce, an increase of 0.87%.