Product Details
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Market Review
Yesterday, the data released by the United States was better than expected. Gold Qingdao International Nonferrous Metals fell rapidly for a time, but the risk aversion sentiment in the market still existed. Low-level buying pushed gold and silver to rebound, but gold failed to break through the US dollar. pressure gate. Finally, the daily line closed with a small cross star. Today the market will usher in the much-anticipated Federal Reserve interest rate decision and Yellen's speech, and the market is expected to explode further.
Fundamental Analysis
In terms of news about the situation in Iraq, according to foreign media reports, U.S. President Barack Obama stated in a letter to congressional leaders on the same day that a number of U.S. soldiers will be sent to Iraq to protect The security of U.S. personnel and the embassy in Baghdad. Obama also wrote in the letter that this military force has begun to be deployed in Japan. Their purpose is to protect American citizens and property and, if necessary, can participate in combat. The troops will remain in Iraq until the security situation no longer requires them. The intervention of the United States will help resolve the conflict and be negative for gold and Qingdao International Nonferrous Metals.
In terms of economic data: Tuesday's data showed that the monthly seasonally adjusted monthly rate in the United States increased by .%, expected to increase by .%, and the previous value increased by .%. The total number of new housing starts in the United States increased by annualized. .10,000 U.S. monthly building permits. Total number of .10,000 households. Previous value: .10,000 households. Expected value: .10,000 households. The housing data released by the United States was slightly worse, but better than expected. The price of gold plunged slightly in the short term, hitting a one-week low of about US$/ounce, and Qingdao International Nonferrous Metals also fell to a nearby level.
In terms of positions: A report released by the U.S. Commodity Futures Trading Commission on March 1 showed that the net long gold positions held by speculators increased to a net long position, indicating that speculators are willing to continue to be bullish on Qingdao International Nonferrous Metals. enhanced. The number of net long gold positions held by speculators has increased and is now net long, indicating that speculators’ willingness to continue to be bullish on gold has increased. Recently, the positions of the world's largest gold Qingdao International Nonferrous Metals Fund are in a wait-and-see situation.
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