Summary of spot price trend of precious metals
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According to the data of business agency, on May 17, the average price of silver market in early trading was 4733.33 yuan / kg, up 1.42% daily, down 3.94% from the average price of 4927.67 yuan / kg in spot market at the beginning of the month (May 1); Compared with the spot market price at the beginning of the year (January 1), the early average price was 4770 yuan / kg, a decrease of 0.77%.
On May 17, the spot market price of gold was 396.19 yuan / g, up 0.41% daily, down 1.90% from the early average price of 405.51 yuan / g in the spot market at the beginning of the month (May 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 6.83%.
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
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1. Domestic news
The central bank launched a 10 billion yuan reverse repo operation today. As 100 billion yuan of medium-term lending facility (MLF) and 10 billion yuan of reverse repo expired today, a net return of 100 billion yuan was realized on that day.
Future forecast
Today, the bulk market rose more or fell less, and the price of precious metals recovered slightly. However, the policy still suppresses the long-term trend of precious metal prices.
Overseas inflation expectations have intensified. The European Commission predicts that inflation in the eurozone will reach 6.1% in 2022, compared with 3.5% in February, and will fall to 2.7% in 2023, much higher than the ECB’s target. The Fed’s interest rate hike has led to frequent interest rate hikes by central banks, and the international monetary easing policy has been gradually tightened to suppress the price of precious metals of interest free monetary assets. Risk aversion will be released in the short term, and it is expected that the weak operation will be dominated in the near future.
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