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Beijing Yuncai Shengshi Commodity Trading Center investment hotline real-time market analysis
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ddd -rd/ ----d Yesterday Spot gold and silver showed an obvious downward trend. The fluctuation range of spot silver was still larger than that of spot gold. More importantly, silver's rebound in late trading was significantly stronger than that of gold. Against this background, the future trend of precious metals is even more confusing. The concentrated liquidation of early low-level long positions by institutions during yesterday's Asian trading session was the main reason for the plunge in the morning. However, under the hotbed of fundamentals that the Fed's interest rate hike is far away, we are optimistic about precious metals. The attitude is still neutral to optimistic. In the last quarter of this year, precious metals are likely to have the best quarterly performance this year. Therefore, from a medium to long-term perspective, it is still not advisable to over-short silver and it is a relatively safe choice to start building a position to intervene when silver reaches low levels.
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ddd -rd/ ----d From the perspective of the global market, yesterday's risk sentiment showed a continued upward trend. Specifically, the three major U.S. stock indexes all rose to varying degrees. Among them, the Dow Jones Industrial Average closed higher. % The S&P Index closed higher. The longest downward cycle since yesterday closed down .% to . It has been significantly lower than this watershed, indicating that the current nervousness in the market is dissipating. The corresponding U.S. Treasury bond yield rose 1 basis point to .%. From this perspective, it is logical for precious metals to suffer a certain decline due to the rebound in risk sentiment.
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ddd -rd/ ----dFrom a fundamental point of view, the release of the Federal Reserve meeting minutes is the most noteworthy fundamental event overnight. The minutes of the meeting showed that although officials believed that the United States was still on the path to raising interest rates within the year, they said that risk factors threatening the economy and inflation were increasing and therefore decided not to raise interest rates for the time being to wait cautiously for more information. In particular, the Federal Reserve has expressed concerns about the Chinese economy. The Federal Reserve's hesitation on raising interest rates was the main reason for the late rally. This is also the main reason why we are more optimistic about the medium-term view of precious metals.
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ddd -rd/ ----dSo from a specific operational perspective, prudent investors must operate with caution in this kind of market that is difficult to distinguish between long and short. For prudent investors, we recommend adopting a low-long strategy to focus on spot silver. Look for long opportunities and place stop losses at the support of . You can see the two positions of . and . near the target level. Spot gold pays attention to the nearby support and looks for long opportunities. Place the stop loss at the nearby target position. You can see the and two positions.
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