Shenjiang Cultural Commodities Trading Center

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& Above Shenjiang Cultural Commodity Trading Center retail account opening and order guidance, technical analysis of order calling, authoritative analyst buckle investment hotline: Above Shenjiang Cultural Commodity Trading Center, how has the domestic gold price followed the international gold price trend recently, and the overall trend has remained volatile. , however, affected by the rising expectations of the Federal Reserve to raise interest rates again, the price of gold is trending downward, but the current support is relatively strong. In the large range of to, the first line has repeatedly supported the gold bulls' counterattack, but this point has now been broken down, indicating that the recent trend of gold prices has been weak. Domestic gold prices have recently followed the trend of international gold prices, and have generally maintained a volatile trend. However, affected by the rising expectations of the Federal Reserve's interest rate hikes, gold prices have tended to trend downward, but the current support is relatively strong. In the large range of to, the front line has repeatedly supported the gold bulls' counterattack, but this point has now been broken down, showing that the recent trend of gold prices is biased towards weakness. It is reported that Boston Fed Chairman Rosengren (Rr) issued a statement on Friday. In his speech, he believed that if the Fed waits too long to raise interest rates, the risks faced by the Federal Reserve will increase, gold will fall under pressure, and investors will continue to take profits on gold. The latest data released showed that U.S. monthly wholesale inventories were unchanged from the previous month and wholesale sales fell, indicating that replenishing inventories will only have a limited boost to the economy in the third quarter. It touched the area twice, and once it returned to this area, people took profits again, making it difficult for gold prices to overcome this technical obstacle.
The policy has caused bond yields to be negative. Falling borrowing costs have made commodities more attractive, so after three consecutive years of losses, money is starting to flow back into the gold market.
Last Friday, Boston Fed Rosengren said that not continuing to exit easing will shorten the life of the economic recovery and that it is reasonable to gradually raise interest rates. The market believes that his view is hawkish, so it expects the probability of the Fed raising interest rates. Rising from % to % Dallas Fed Fed Kaplan said last Friday that the data in the past few months have strengthened the case for raising interest rates, but the Fed will act "patiently and prudently".
Massa believes that the market will re-evaluate the situation every time the Federal Reserve makes remarks or economic data comes out. Since September, the market has believed that interest rates will be raised once this year. However, economic data still cannot support the Federal Reserve to raise interest rates. How will the Federal Reserve raise interest rates? Time to gain interest?
Traders also believe that economic data will be difficult to support the Federal Reserve raising interest rates this month. The manufacturing index showed that the U.S. manufacturing industry has contracted, and the service industry index also fell to a new low in the month. Employment data released on March 1 showed that the U.S. job market was depressed, while a private report also showed that consumer confidence fell to a new monthly low.
UBS Group's report shows that precious metals account for 1% of the total assets of investors. This means that there is still "ample" space to increase the strategic gold allocation in the investment portfolio, which is expected to support the rebound of gold prices. Lynch, head of commodities research at Bank of America Merrill Lynch, said that once the Federal Reserve delays raising interest rates, the price of gold is likely to rise above the US dollar per ounce.
The U.S. Commodity Futures Trading Commission (CFTC) weekly report showed that the net long position in gold futures and options increased by 20% in the week ended on March 1, which is the largest increase since March 2019. Gold futures are expected to gain the largest gain since 2018. Annual gains, total open interest in precious metals also increased by % this year.