Spot precious metals prices in small bands during the year

The average price of silver in the early trading on March 18 was 5,464.33 yuan/kg, an increase of 3.02% during the day, compared with the average early morning price of 5,480.33 yuan/kg in the spot market at the beginning of the month (March 1), a decrease of 0.29%; compared with the beginning of the year (01.01) silver spot The price was 5550 yuan/kg, a decrease of 1.54%.

The spot price of gold on March 18 was 367.60 yuan/g, an intraday increase of 0.82%, which was an increase of 0.55% from the early spot market price at the beginning of the month (3.1) of 365.60 yuan/g, an increase of 0.55%; compared to the beginning of the year (01.01) gold spot price was 392.70 yuan/ Grams, down 6.39%.

Core inflation expectations rise, precious metal prices rise slightly

At 2:00 Beijing time on the 18th, the Federal Open Market Committee (FOMC) announced that the target range of the federal funds rate will remain unchanged at 0-0.25%, which is in line with market expectations. At the same time, the Fed raised its economic expectations and GDP growth expectations, but it has not recently begun to reduce the willingness to reduce QE. Core inflation expectations have risen, and precious metal prices have risen slightly due to this impact.

The price of gold stopped falling, and the upward trend began to appear

The previous plunge in gold was mainly due to the recent high yields of U.S. long-term Treasury bonds, the U.S. stock market continued to rise, and international bulk commodities continued to rise, weakening the speculative market enthusiasm for precious metals. Recently, the price of precious metal gold has stopped falling and stabilized, and rebounded slightly. On the one hand, due to the booming domestic precious metal consumer market, the price of gold has doubled and the price of gold has doubled, superimposed on the surge in consumer demand for the new year in different places. On the other hand, in the long-term, real interest rates remain low, central banks of developed economies will continue to purchase government debt, industrial demand will increase, and consumer demand for jewelry and gold and silver will also increase. Precious metals have a rebound momentum.

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