Precious metal spot price trends

The average price of silver in the early trading on November 12 was 5,162.33 yuan/kg, which was an increase of 6.53% compared to the average early October (November 1) spot market price of 4846 yuan/kg; compared with the silver spot price of 5550 yuan/kg at the beginning of the year (01.01) Kg, a decrease of 6.99%.

The spot market price of gold on November 12 was 382.32 yuan/g, up 1.95% from Monday's (11.05) spot market price of 370.51 yuan/g, an increase of 1.95%, compared with the early November (11.1) spot market price in early trading, an average price of 369.60 yuan/g, an increase of 3.44 %; Compared with the beginning of the year (01.01), the gold spot price was 392.70 yuan/g, a drop of 2.64%.

Precious metal gold and silver price trend comparison in the past year

The precious metals gold and silver have relatively good convergence, and the price of silver has a larger amplitude, and the direction is basically the same. Recently, the price of silver has fallen rapidly at the end of September, and the price of precious metals has risen and fallen in the same range. After the National Day returns, the price of silver has bottomed and rebounded. The price of silver has fluctuated greatly, and the trend of gold and silver prices has tended to narrow. Recently, the fluctuation of silver prices has stabilized.

USD Index

The US dollar index has risen, and inflation expectations have risen to 2.70%. The current rise in the US dollar index stems from the relative economic strength in the global low interest rate environment. In particular, the current Eurozone is severely affected by the epidemic. Under the anticipation of the active fiscal policy of the United States, the market is also expected to maintain a low real interest rate. Therefore, the U.S. dollar and gold are rising at the same time.

The Federal Reserve decided in November that the taper was implemented, and the short-term monetary control in the United States was basically exhausted. Short-term inflation expectations have risen, which is bullish for precious metals.

Outlook

Recently, the price of precious metals has been on an upward trend, mainly based on inflation considerations, and it is expected to maintain a strong operation in the near future.

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