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&Qingdao International Nonferrous Metals Investment, Agent Service Hotline: &You can add WeChat& (Manager He): Qingdao International Nonferrous Metals Trading Center, asphalt, silver, copper, investment, free account opening, free agency, sincerely recruiting high-quality & member units & companies Agency & Personal Agency & Low Threshold, High Rebates & Qingdao International Platform Information: Bank of America Merrill Lynch (B) Head of Commodity Research said in an interview on Wednesday (Monday) that Brexit and political risks are currently reshaping the market. In the current situation, interest rates will continue to be under pressure, and gold prices will also be supported by risk aversion.
When talking about Qingdao International Nonferrous Prices, he said, "Brexit is an eye-opening thing because it is changing the market situation and putting pressure on interest rates, which may have a negative impact on gold prices." advantageous. &r
At the same time, it was pointed out that "political risks are increasingly affecting Qingdao's international non-ferrous metals market, including the Italian referendum and the general elections in the United States, France and Germany." &r
He said, "If you think of Qingdao International Nonferrous Metals in the past, it was often driven to a greater extent by market trends in commodities such as the U.S. dollar and crude oil. Now, it's a whole new world. &r
In addition, it was emphasized that "one-third of the current government bond yields are negative, which has begun to attract many people to enter the Qingdao International Nonferrous Market. I define this as asset portfolio rotation trading." &r
Bank of America Merrill Lynch had previously predicted that due to the ongoing crises facing the world, which will not improve in the short term, gold prices are expected to rise to the US dollar/ounce level by the end of this year.
The bank pointed out that the current uncertainty also implies that an accelerated interest rate hike cycle is unlikely, so global interest rates remain low, which in turn reduces the holding of non-interest-bearing assets, such as Qingdao International Nonferrous Metals. opportunity cost.
Qingdao International Nonferrous Metals National Investment Promotion, Investment Hotline: &You can add WeChat (Manager He): Friends from inside and outside the industry are welcome to consult.
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