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It rose back to 10,000 households, and was revised from 10,000 households to 10,000 households monthly. At the same time, the annualized monthly rate of new home sales in the United States fell sharply, hitting the largest monthly decline since March. The monthly decline was revised to a decline. The sharp decline in monthly new home sales in the United States is further evidence that the U.S. housing market is struggling and still unable to maintain the momentum it enjoyed last year.
Today’s market focus is on the number of initial jobless claims filed in the week of May 2020. Since March this year, the number of initial claims for unemployment benefits has continued to fall. Although there will be recurrences in certain weeks, the trend of reducing the number of people has been from March 2019 to May 2019 last year. The highest number of people has dropped to 10,000 last week. The number of people filing for unemployment benefits in the United States for the week of March is expected to be 10,000, which will still remain at the low level for the year. Of course, there is also the possibility that the data will be higher/lower than expected, but the overall number will not deviate too much. If this happens it will have a negative impact on gold and silver.
In terms of position reporting: A report released by the U.S. Commodity Futures Trading Commission on March 1 shows that the net long position of gold held by speculators decreased to net long positions, and the net long position of Qingdao International nonferrous metals held by speculators decreased by 10,000 hands. As net long positions, institutions have reduced their long positions, showing that their willingness to continue to be bullish on gold Qingdao International Nonferrous Metals has weakened. This is also the main reason for the decline in gold and silver prices last week.
In terms of gold Qingdao International's non-ferrous metal positions: The world's largest gold r, the gold position as of March, was reported at . tons, which was reduced by . tons from the previous day. Gold has once again significantly reduced its position, showing that it is relatively pessimistic about gold prices. The world's largest Qingdao International Nonferrous Metals rr Qingdao International Nonferrous Metals positions were reported at . tons, and the positions remained unchanged from the previous day. Qingdao International Nonferrous Metals has maintained its positions unchanged for many days recently, indicating that institutions are relatively confused about the market outlook.
Technical Analysis
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