Summary of spot price trend of precious metals
According to the data of business agency, on March 8, the average early price of silver market was 5078.67 yuan / kg, down 2.72%, up 3.05% from the average early price of 4928.33 yuan / kg in the spot market at the beginning of the month (March 1); Compared with the early trading average price of 4770 yuan / kg in the spot market at the beginning of the year (January 1), an increase of 6.47%.
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On March 8, the spot market price of gold was 404.90 yuan / g, up 1.21% daily, up 4.55% from the early average price of 387.29 yuan / g in the spot market at the beginning of the month (March 1); Compared with the spot market price at the beginning of the year (January 1), the early average price was 372.37 yuan / kg, an increase of 8.74%.
Comparison of price trends of precious metal gold and silver in recent 1 year
In the long term, the price trend of precious metals has a good convergence, and the long-term trend is basically the same. Today, the price deviates.
Price trend of precious metals and crude oil
List of policies
The central bank today conducted a 10 billion yuan reverse repurchase operation, and the bid winning interest rate was 2.1%, unchanged from the last time. Another 50 billion yuan of reverse repurchase expired today.
According to the data released by the General Administration of Customs on March 7, in the first two months of this year, China’s total import and export value increased by 13.3% year-on-year and 15.9% in dollar terms.
The strong rebound of precious metals in February was mainly due to geopolitics
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Recently, the Ukrainian Russian conflict has led to an increase in risk aversion of international capital and pushed the price of noble metals.
List of funds
In February, the net inflow of global gold ETFs was 35.3 tons (about US $2.1 billion, and the scale of asset management increased by 1.0%); Among them, 21.3 tons (about US $1.3 billion, 1.2%) flowed into North America; European inflow of 21.4 tons (about US $1.3 billion, 1.4%); Asia outflows 7.4 tons (about US $452 million, – 5.8%); Other regions: the flow was flat in February.
Future forecast
In the long run, the monetary easing policy is gradually ebbing, and the expectation of interest rate hike suppresses the continuous rise of precious metal prices. In the short term, precious metals are likely to continue to rise, but there is an upper limit.
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