Qingdao Baochangyuan Precious Metals Trading Center

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', bold() ', bold() each market situation Break through, professional investment unwinding, precise online order placing, sincerely recruiting personal agents, the company represents international spot gold. It took a short-term plunge when the Federal Reserve announced its interest rate decision on Wednesday (June 2), but then rebounded quickly and rose sharply. The US market reached its highest intraday high. It reached .USD/oz, and the price rose sharply. Silver also rose sharply by .% on Tuesday, regaining the USD/Ounce line. The Federal Reserve announced on Wednesday that it would keep interest rates unchanged, with the upper limit of interest rates still at .% and the lower limit of interest rates still at .%. The Fed said that the market's inflation expectations remain low, but short-term risks to the economic outlook have diminished. Employment data shows that labor utilization has improved, the job market is strengthening, and the pace of economic expansion is moderate. As negative factors weaken, inflation will be higher in the medium term. Move towards the % target. The Federal Reserve reiterated that it will continue to closely monitor the development of global financial conditions and predicts that future economic trends will justify the implementation of gradual interest rate increases.

The U.S. economic data released today are weak, especially the U.S. monthly durable goods orders plummeted, with the largest single-month decline in years. The monthly data has also been revised downwards. In addition, the U.S. monthly existing home contracted sales growth It was also far worse than expected, which supported gold and silver, which had risen strongly before the release of the Fed's interest rate decision. Despite the recent good news in the U.S. economic data, it seems that the improvement of the economy still has ups and downs.

The Federal Reserve's decision not to raise interest rates on Wednesday led to further gains in gold. The trend of federal funds rate futures suggests that traders still expect the probability of the Federal Reserve to raise interest rates at the monthly meeting to be about 50%. The probability is about %, which is slightly lower than the level before today's policy statement. At present, the outlook for gold is still relatively optimistic. Global negative interest rates, uncertainty after the US election and Brexit are still important supports for gold. The market's next focus will turn to the Bank of Japan's policy meeting to see whether the Bank of Japan will introduce large-scale stimulus measures.

br/ Wednesday’s trend statement

International spot gold opened at .USD/oz in early trading in Asia on Wednesday (Month) and then fell briefly, recording an intraday low of .USD/oz. Turn and adjust after ounces. The European market continued its consolidation trend, and gold prices stagnated. Gold in the U.S. market suddenly rose in a straight line, like plucking onions on a dry land, and then consolidated. The bulls took a breather and then violently rose again, constantly refreshing previous highs and recording intraday highs. USD/oz then stabilized and fell slightly, finally closing at. USD/oz. ounces, up .USD, or .%. At the same time, spot silver opened at .USD/oz on Wednesday, hit a high of .USD/oz, hit a low of .USD/oz, and closed at .USD/oz, up .USD, or .%.

br/ Fundamental positive factors

On Wednesday (Month), the Federal Reserve announced that it would keep interest rates unchanged, with the upper limit of interest rates still at .% and the lower limit of interest rates still at .%. The Federal Reserve said that market-based inflation expectations remain low, short-term risks to the economic outlook have decreased, and employment data indicate that labor utilization has improved and the economy is expanding at a moderate pace. We reiterated that we will pay close attention to the development of the global and financial situation and implement gradual interest rate increases based on future economic trends.

Data released on Wednesday (July 2) showed that the monthly rate of durable goods orders was lower than expected and recorded the largest decline since January, indicating that external environmental shocks are affecting the development of the U.S. manufacturing industry. The U.S. Department of Commerce announced that U.S. monthly durable goods orders fell by .% from the previous month. It is estimated to be a decrease of .% and the previous value was a decrease of .%.

According to the latest report, the monthly seasonally adjusted contracted sales of existing homes in the United States fell short of expectations, recording only a slight increase. Data released by the National Association of Realtors on Wednesday (July 2) showed that contracted sales of existing homes in the United States increased by .% on a month-on-month basis after seasonally adjustment, to the estimate of a growth of .%.

br/ Fundamental negative factors

The U.S. Department of Commerce announced on Tuesday (July 2) that monthly new home sales in the U.S. recorded strong growth, hitting the highest monthly level since 2009. It implies that the U.S. real estate market is developing healthily. Detailed data shows that the annual rate of monthly new home sales in the United States was seasonally adjusted to 0.00 million units, compared with the estimate of 0.000 units. New homes account for about .% of the entire property market. The Wall Street Journal commented on the annualized data of the total monthly new home sales in the United States and said that this data recorded strong growth. The monthly new home purchase growth rate recorded .% month-on-month, hitting the highest monthly level since 2009. In the first half of the year, U.S. new home sales grew steadily. This implies that the U.S. real estate market has developed healthily in a low interest rate environment.

Data released by the Conference Board on Tuesday (July 2) showed that monthly consumer confidence remained stable after improving. Detailed data shows that the U.S. consumer confidence index for the month is estimated to be the previous value of . The U.S. consumer confidence index for the month is the highest in the month, and the previous value for the month is

Data released by Standard & Poor's (&S&P) on Tuesday (July 2) showed that the monthly housing price index for major cities in the United States increased by .% compared with the same period last year, and economists expected an increase of .%. Monthly revised growth was .%. The chairman and managing director of the Index Committee of S&P Dow Jones Indices said that the overall housing market is performing well. He added that in addition to strong price gains, existing home sales have reached their highest monthly level since the beginning of the year and new home construction continues to increase.