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Single-day amplitude points, amplitude.%, daily line receives small positive line.
The latest data released by the U.S. Department of Commerce on Tuesday (July 2) showed that U.S. monthly wholesale inventories unexpectedly increased due to increases in agricultural and other non-durable goods inventories, indicating that the initial estimate of second-quarter economic growth may be revised upwards. Specific data shows that the monthly wholesale inventory in the United States increased by .% from the previous month, which is expected to be flat, and was revised upward to increase by .% from the previous value of .%. A reporter from the Wall Street Journal, known as the Federal Reserve News Agency, wrote that since the beginning of this year, the U.S. dollar has fallen by about % against a basket of currencies. Even after the Bank of England cut interest rates last week and the U.S. non-farm data was strong, the U.S. dollar only rose slightly. . A weaker dollar is good for inflation and economic growth and will make it easier for the Federal Reserve to raise interest rates. In the year and a half before the Fed raised interest rates last month, the U.S. dollar rose by more than 10% against a basket of currencies. This year, the U.S. dollar has fallen by about 10% against a basket of currencies. A weaker dollar gives Fed officials one less thing to worry about as they assess whether to raise interest rates next.
According to the latest World Gold Council data, China and Russia, the world's largest and third largest gold producers, are hoarding gold in large quantities. The World Gold Council updated the ranking of official gold reserves of various countries in the world in the year and month on its official website. As of March, the data showed that the global official gold reserves totaled . The data also shows that the euro area (including the European Central Bank) totaled . metric tons, accounting for .% of the total, and the countries that signed the central bank gold sales agreement totaled . metric tons, accounting for .% of the total, and the month was . metric tons.
As of March 1, the gold holdings of the world's largest gold exchange-traded fund decreased by . tons compared with the previous trading day, to . tons. The fund lost . tons on Monday.
Silver's daily level looks at the small positive line it received yesterday. It bottomed out and rebounded yesterday evening without breaking the low, and it tried to rebound in the short term. There was no stabilization signal on the market, and it was still in a falling state. The day's operation should be based on rebounding to high altitudes.
On the hourly chart of silver, yesterday’s market rebounded slightly and broke above the middle Bollinger Track. It is now expected to form a small bottom and stabilize. In the short term, it is expected to rebound first to test the pressure above. During the day, it will be aggressive at first and then short.
Looking at the weekly level, the small negative line closed again last week, and the market was blocked again after rising for the second time, showing obvious resistance above. In the short term, the market is expected to fall back with inertia to test support, and the operation is aggressive and appropriately high.
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