Hainan Xinrui Commodity Trading Center

Hainan Xinrui Commodity Trading Center Hainan Xinrui Commodity Trading Center Investment Hotline Contact Hainan Xinrui Commodity Trading Center Professional Hainan Xinrui Commodity Trading Center Agent Hainan Xinrui Commodity Trading Center Personal Agent Hainan Xinrui Commodity Trading Center Company Acting as an agent for Jiaxing Hainan Xinrui Commodity Trading Center to provide professional guidance for Hainan Xinrui Commodity Trading Center to open an account for free in the fifth week. During the period, international gold and silver trends were divergent. New York gold futures adjusted weakly, but always ran above the US dollar, with a maximum of .USD/ ounce. Silver maintained a strong consolidation, holding on to the support of the US dollar, reaching a maximum of US$/ounce. During the period, the market focused on the Federal Reserve's monthly interest rate meeting. Investors chose to take profits in the gold market before the meeting. Market trading was cautious and the fluctuation range of gold and silver narrowed. The Federal Reserve's expectations of raising interest rates within the year have once again strengthened, and China, Europe, Japan, and Australia have obvious easing intentions, and the short-term US dollar is in a strong range. However, the extent of gold and silver's retracement is obviously reserved, and in the short term, there is another upward trend depending on the quality of U.S. economic data. The market outlook will focus on the U.S. third quarter and manufacturing and non-farm employment data.
As of Thursday, the main force of Shanghai gold closed at .yuan/g, a cumulative decrease of .yuan/g, or .%. The main force of Shanghai silver closed at .yuan/kg, up by .yuan/kilogram, or .%.

Picture New York Gold Weekly Chart

Picture New York Silver Weekly Chart
In the picture, gold prices may continue the second week of correction this week, impacting the US dollar for two consecutive weeks. After failure, the price of gold began to move downward to find support, and the US dollar's first line temporarily lost momentum, and the US dollar's first line is the current support. The price of gold has been running for three consecutive weeks since it reached the middle track of the Bollinger Line in the third week of October. This position has a strong supporting effect. Gold prices are still likely to hit the US dollar next week, and the moderate upward trend in gold prices remains intact in the medium term. Pay attention to the dollar range next week, the dollar line is the dividing line.
In the chart, weekly silver has been running above the Bollinger Middle Track for four consecutive weeks, and it even surged higher on Wednesday. The U.S. dollar is on the upper edge of the long-term downtrend channel. Below. The US dollar's first-line support is solid, and the opportunity for silver prices to break through the medium-term weak trend is just around the corner. The recent weakening trend of commodities has dragged down the conservative price increase of silver. A series of heavy-hitting data are about to be released next week. Zhuo Chuang predicts that the silver price will temporarily look at the USD/ounce range, with the USD first line being the critical one.
Next week's long and short analysis
Negative factor 1: The Federal Reserve's latest interest rate meeting hinted at raising interest rates within the year, and officials' speeches still have a major impact on the trend of gold prices.
Second, the U.S. dollar is technically strong in the short term, and gold and silver are cautiously bullish.
Good factor 1
The Federal Reserve failed to raise interest rates this month, and the next one is expected to be this month. The short-term atmosphere in the gold market is loose.
Second, recent economic data from China and the United States have continued to be weak, continuing to test the Fed's patience in raising interest rates.
Third, the central bank made net purchases of gold during the year, paving the way for a bullish outlook for gold prices.