Guangdong South China Shuntong Commodity Trading Center

Guangdong South China Shuntong Commodity Trading Center Guangdong South China Shuntong Commodity Trading Center Investment Hotline Contact Guangdong South China Shuntong Commodity Trading Center Professional Guangdong South China Shuntong Commodity Trading Center Agent Guangdong South China Shuntong Commodity Trading Center Personal Agent Guangdong South China Shuntong Commodity Trading Center Tong Commodity Trading Center Company acts as an agent for Guangdong South Shuntong Commodity Trading Center and provides professional guidance for free account opening at Guangdong South China Shuntong Commodity Trading Center. In the third week of the month, international gold and silver materials closed down for the fifth consecutive week, and New York gold futures once hit a record high. With record lows in recent years, silver's decline has slowed, and futures fund holdings have grown against the trend, making the market full of expectations for the performance of silver prices in the future. During the period, Federal Reserve officials took turns expressing their views on raising interest rates within the year. The vast majority of officials believed that a monthly interest rate hike was appropriate. Relevant data during the period also matched expectations of interest rate hikes. It is difficult for gold and silver to perform well in this atmosphere. Next week coincides with the Western Thanksgiving holiday, and market news is light. Gold and silver may be able to perform small-scale riots.
As of Thursday, the main force of Shanghai gold closed at .yuan/g, with a cumulative increase of .yuan/g, or .%. The main force of Shanghai silver closed at .yuan/kilogram, with a cumulative increase of .yuan/g, or .%.

On Tuesday, the international gold price in New York fell again by more than US$/ounce, at .USD/oz, the intraday low of .USD/oz, setting a new low for the year and a new low in the past six years. This round of decline started in mid-month and there is still no sign of bottoming out. As of Tuesday this week, the price of gold in New York has fallen by US$/ounce, or .%, and has directly lowered the annual decline to .%. The main domestic Shanghai gold prices fell by RMB/gram, or .%.
The culprit for this round of gold price decline is undoubtedly the Federal Reserve’s upcoming interest rate hike. Because the international gold price is mainly a commodity priced in US dollars, involving exchange rate and transaction cost issues, the US dollar interest rate and exchange rate strength have become key factors affecting gold prices. The Fed's move to raise interest rates is a key event that affects U.S. dollar interest rates and exchange rates. The recent improvement in economic indicators such as U.S. inflation supports the Federal Reserve's move to raise interest rates at the end of the year. The U.S. dollar is approaching a 13-year high, and gold prices have been under pressure and have continued to fall.
Domestic gold prices are affected by international gold prices and have also hit a new low since January. However, compared with international gold prices, domestic gold prices have good resilience. Zhuo Chuang believes that due to concerns about the expected depreciation of the renminbi and the traditional concept of gold value preservation, domestic gold demand provides support for gold prices. If gold prices fall further, large-scale private forces are expected to push gold prices higher.