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Silver upward momentum Insufficient, it may continue to decline after consolidation

Spot silver performs weaker than gold, and its trend has also diverged from gold. The current fundamentals and technical aspects are obviously suppressing silver, and silver may continue to decline after short-term consolidation. Continue to focus on monthly lows and USD/oz support.

Gold prices rose on Tuesday, boosted by a weak U.S. dollar and rising risk aversion

Gold prices rose on Tuesday (Monday) as the U.S. dollar weakened, but markets expected the Federal Reserve may The prospect of a monthly interest rate hike still limits the gold market's gains.

In the United States

U.S. crude oil inventories increased by 10,000 barrels, an increase far exceeding expectations

According to the industry version data released by the American Petroleum Institute on March 1, U.S. crude oil inventories increased this week, while gasoline inventories and refined oil inventories both fell.

Federal Reserve Rosengren The Federal Reserve will gradually raise interest rates under low inflation

Boston Fed President Rosengren said in a speech on March 1 that the Federal Reserve is expected to gradually raise interest rates. Regardless of raising interest rates early or delaying action for several months, the economic impact will be small. Rosengren also noted that low inflation gives the Fed room to gradually raise interest rates.

Institutions need the participation of non-oil-producing countries to change Saudi Arabia's position

Industry institutions said on March 1 that after successfully reducing U.S. crude oil supply, Saudi Arabia now needs non-oil exports Only if the OPEC oil-producing countries, mainly Russia, meaningfully reduce crude oil production will they consider changing their stance on not cutting oil production.

U.S. monthly manufacturing decline