Ningxia Huaxing Commodity Trading Center

Ningxia Huaxing Bulk Commodity Trading Center investment hotline, real-time market analysis, all market breakthroughs, professional investment solutions, accurate online orders, sincerely recruiting personal agents, company agents Last Friday, precious metals were still fluctuating within a narrow range, and the gold price fluctuated upward during the day. Left and right, the lowest was .USD, the highest was .USD, and it closed at .USD, with an increase of .%. Silver reached a minimum of .USD and a maximum of .USD. It closed at .USD, recording an increase of .%.

Hot Topics Interpretation

Let’s take a look at the latest news from Greece. Eurozone leaders said that Greece needs to pass an austerity plan within hours, otherwise it will leave the EU. Eurozone leaders told Greece, which is close to bankruptcy, at an emergency summit yesterday that key reforms must be finalized this week to restore trust in the country, so that they can start financial rescue negotiations and keep Greece in the eurozone.

The meeting asked Greek left-wing Prime Minister Alexis Tsipras to push parliament to pass legislation, persuade other euro zone partners to immediately release bailout funds to avoid national bankruptcy, and start negotiations on the third round of bailout plans. The scale is estimated to be as high as 100 million euros.

Let’s look at Federal Reserve Chair Janet Yellen’s speech at the Cleveland City Club last Friday. Yellen said that it would be appropriate to start raising interest rates at some point later in the year. , Unexpected developments may delay the first interest rate hike. Yellen said that the outlook for the economy and inflation rates is highly uncertain, and the first interest rate hike itself will only have a very small impact on the level of monetary easing. Yellen expects the Fed's path to normalizing monetary policy to be gradual, and the U.S. unemployment rate may not fully capture the extent of the job market slack problem.

Yellen expects the U.S. economy to grow moderately for the rest of the year, but the outlook is uncertain. At the same time, it is expected that U.S. economic growth will rebound in the next few years and the unemployment rate will fall further. An improving job market should support household spending and the fiscal drag should gradually fade. Business investment is suppressed, which could slow economic growth in conjunction with the housing market.

The demand for physical gold is still tepid, mainly because potential Chinese investors continue to invest in the stock market after the stock market crash rebounded, while India postponed gold purchases, making India's domestic spot gold Compared with the international spot gold price, the price is at a discount. As China and India are the two largest gold consumers in the world, the weak demand has obviously not played any role in promoting the rise in gold prices

Technical Analysis

From a technical point of view, silver has not completely escaped the suppression of the downward trend line, but bulls seem to be gradually making an upward attack. After breaking above the daily moving average, the silver price has stabilized the daily moving average. There are signs that the fast and slow line also appears a golden cross below the zero axis, and the kinetic energy of the green column has been reduced. The three consecutive days of small increases have almost completely recovered the sharp decline of last Tuesday. The current silver price is at a long-short watershed. On the market, radicals are shorting the U.S. dollar, while conservatives are waiting for clear long and short signals before taking action.

Spot gold is still suppressed by the downward trend line. Although the gold price has broken the daily moving average, the pattern of short positions has not changed. Today, it is still recommended to enter the market short at the US dollar and stop the loss of the US dollar. Targeting the U.S. Dollar