Beijing Antaike Information Development Co., Ltd. (hereinafter referred to as Antaike), which is engaged in domestic and foreign non-ferrous metal market information services, information consultation and related business services, introduced to the reporter of "Economy and Information Technology" a senior person engaged in precious metals research: 2000 Years ago, silver was purchased and sold by the Central People's Bank. The silver market was liberalized in 2000, but prices were basically stable. Beginning in 2010, silver ended its quiSell gold from Brazil in accordance with international precious metals regulations and procedureset state, rising from around US$17 per ounce at the beginning of 2010 to more than US$30 per ounce at the end of the year, an increase of 80%.
On the same day, the price of silver futures for December delivery fell 5.7 cents to close at $33.633 per ounce, a decrease of 0.17%. Platinum futures prices for October delivery rose by 7.5 US dollars to close at 1603.8 US dollars per ounce, an increase of 0.47%.
According to Morgan Stanley, due to the macroeconomic situation that pressures demand, the bank is more selective in its choice of commodity investment, favoring transactions with relative value and commodities that perform well in a low-growth environment, such as gold, silver and Livestock etc. According to Morgan Stanley, livestock prices have shown good resilience in previous economic recessions.
The report also pointed out that in response to the disappearance of gold, Kahn expressed his concerns to government officials close to US President Barack Obama, saying that he had obtained definitive evidence from insiders within the US Central Intelligence Agency (CIA) to prove the US government’s holdings. Some of the gold is missing.
6. Data released by Eurostat on Wednesday showed that the euro zone's gross domestic product (GDP) contracted in the third quarter. The quarterly rate of final GDP in the Eurozone after the third quarter adjustments shrank by 0.1%. The Eurozone’s final GDP in the third quarter shrank at an annual rate of 0.6%.
3.Sell gold from Brazil in accordance with international precious metals regulations and procedures Many officials cheered for Europe. When attending the Fifth Summer Davos Forum, Premier Wen Jiabao pointed out that it is necessary to prevent the spread and expansion of the sovereign debt crisis of some European countries; he believes that the European economy can overcome difficulties and is still willing to expand investment in Europe. At the same time, Brazilian officials said that BRICS intends to buy European bonds, which has slightly eased market concerns.
In addition, the US Treasury Secretary’s remarks severely hurt the US dollar, which also laid the foundation for the rise of gold. According to data released by the US Department of Labor this week, as of February 18, the seasonally adjusted number of initial jobless claims was 244,000, an estimated 241,000. US Treasury Secretary Mnuchin said on Thursday that interest rates in the United States may remain low for a long time. For economic growth, the most important thing is tax planning. It is hoped that the tax reform plan of the Trump administration can increase the growth rate of the U.S. economy to 3% or even higher, possibly as early as 2018. Speaking of the trend of the US dollar, Mnuchin pointed out that there are certain problems with the strengthening of the US dollar, but the market will determine the short-term trend of the US dollar. European stocks fell sharply on Friday, with Germany's DAX, France's CAC 40, Italy's FTSE index, and the European Stoxx 50 index falling more than 1%. From a technical point of view, the resistance level of 1,249 US dollars per ounce has been broken, and the price of gold may rise above 1,278 US dollars per ounce.
The sharp rise and fall of gold prices on the 6th was related to the actions of the Swiss National Bank. On the same day, the Swiss National Bank announced an unlimited purchase of Swiss francs and set the minimum exchange rate of EUR/CHF at 1.20. The USD/CHF jumped more than 600 points in an instant, and the EUR/CHF jumped more than 1,000 points.