Summary of spot price trend of precious metals
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According to the data of business agency, on April 11, the average price of silver market in early trading was 5059 yuan / kg, with a daily increase of 1.93%, which was 1.07% higher than the average price of 5005.33 yuan / kg in spot market at the beginning of the month (April 1); Compared with the spot market price at the beginning of the year (January 1), the early average price was 4770 yuan / kg, an increase of 6.06%.
On April 11, the spot market price of gold was 398.42 yuan / g, up 0.77 per day, up 0.88% from the early average price of 394.96 yuan / g in the spot market at the beginning of the month (April 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 7%.
Comparison of price trends of precious metal gold and silver in recent 1 year
In the long term, the price trend of precious metals tends to be similar, the long-term trend is basically the same, and the amplitude is slightly different.
Price trend of precious metals and crude oil
List of policies
1. Domestic aspect
On the 11th, a 7-day reverse repurchase operation of 10 billion yuan was carried out, and the bid winning interest rate was 2.10%, the same as before. As 10 billion yuan of reverse repo expired today, zero delivery and zero return were realized on the same day.
2. International aspects
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Poland’s central bank raised its key interest rate to 4.5%, expected to be 4%.
The Russian central bank cut the benchmark interest rate by 300 basis points to 17%; The Russian Central Bank unexpectedly cut interest rates by 300 basis points on Friday, the most in nearly two decades, and said it might cut interest rates further in the coming months if conditions permit. The ruble rose sharply on hearing the news. The latest rise made the currency climb to the highest level since November 2021, completely recovering the land lost since the conflict between Russia and Ukraine.
Sri Lanka raised the benchmark interest rate from 7.5% to 14.5%; Sri Lanka raised the time deposit interest rate from 6.5% to 13.5%.
The Central Bank of Peru raised its benchmark interest rate from 4% to 4.50%.
Future forecast
In the long run, the monetary easing policy is gradually ebbing, and the Fed’s expectation of raising interest rates is expected to suppress the price of precious metals. In the short term, the risk aversion of precious metals has gradually subsided, and the upward space of precious metal prices has been suppressed.
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