Operationally, due to factors such as good US economic data and doubtful demand, precious metals fell sharply. In the future, we believe that $1,300 is an important support for gold. If gold quickly falls below this level, it can basically establish a downward trend. Silver performance is more weak than gold. The decline in the past two trading days has completely erased the profits brought about by the slight fluctuation and upward contraction since March 27. We believe that silver will continue to show its weakness. Therefore, we suggest that gold investors can place a short position below it after the price drops below $1,300 again. Silver investors can continue to hold short orders and increase the number of positions inCrown precious metals their hands at a high rebound.
The current market is generally concerned that if the US dollar strengthens in the future, gold may weaken in stages. However, at present, it is still a high probability event that the US economy drags on the weakening of the dollar. The analyst of YinRi.com believes that the short-term adjustment of gold is basically over, and the upward trend is expected to start. The high point of the short-term dollar rebound stage has been reached, and the rebound trend of gold is forming. However, it should be noted that the process of international gold prices once again challenging new highs will not be smooth sailing. Short-term investors need to be more cautious.
David Bruno said that similar to the 2008 financial crisis, once the US government defaults on debt or loses its 3A sovereign rating, it will cause a chain reaction, and fund managers are completely powerless to avoid risks by adjusting the asset structure. .
In addition, the Central Bank of Japan decided on the 19th to further add monetary easing measures to expand the size of the fund used to purchase assets by 10 trillion yen (approximately US$126.4 billion). This is the Bank of Japan's further monetary easing measures since April this year. Affected by this, the international gold price has set a new rebound, breaking through $1,780 per ounce.
From a macro perspective, exchange-traded gold products under the World Gold Council are currently listed on 13 stock exchanges around the world, including the SPDR gold ETF listed on the New York Stock Exchange Arca. SPDR gold ETF is in a leading position in the market, occupying more than 60% of the global gold ETF market. As of April 1, 2009, the value of gold held by the World Gold Council's gold ETF has exceeded 38 billion US dollars, which is equivalent to 1,304 tons of gold.
The old scalper said that on April 23, he saw that the price of jewelry gold was 404 yuan/gram at the counter of a brand of gold jewelry, plus the manual fee of more than 10 yuan per gram, which was equivalent to about 420 yuan/gram. The old scaCrown precious metalslper originally wanted to buy a set of gold jewelry for his wife, including necklaces, pendants, earrings, bracelets, and rings. The total weight was about 30 grams, which would cost more than 10,000 yuan. The old scalper said that he had been in love with his wife for a few years, and it would have been better to buy a set of gold dowry when the price of gold was still more than 100 yuan per gram.