CIMC Bulk Precious Metals Operation Center

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Spot gold fell higher yesterday The upper shadow line is a small positive line. This trend of rapid decline after rising high indicates that the upper side has an obvious suppressive effect, and more selling is involved. We will wait and see for the time being during the day.
According to a survey of the long and short views of all analysts in the Securities Finance Precious Metals Research Team, % of analysts are bearish on today's market, % of analysts are bullish on today's market, and % of analysts hold a neutral view on today's market.
There are many reasons for the strong easing expectations of the world's major central banks. The Fed's expectations of raising interest rates within the year have subsided. The US dollar index has fallen back from its highs.
The monthly non-agricultural data series performed well due to the negative performance.