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But apart from the noise in U.S. politics, there is a feeling in the market that industrial metals may have passed the low point of this cycle. China's stimulus measures at the beginning of the year were a bull market surprise for the year, and the after-effects are expected to last until next year. In addition, European and American investment funds seem to be starting to flow into commodities again, and this time Chinese funds are also participating in the event. Even if the funds and fundamentals do not look so good, there will always be some timely adjustments in the divergent trends among various metals, which will play a role in promoting transactions. Although the wheel of global economic growth continues to advance slowly, a different cycle appears to have passed a turning point. Huge amounts of money are returning to the market after being absent for several years. Barclays Capital estimates that US$100 million in investment funds flowed into commodities this month, exceeding the previous level seen in 2018, with most of it flowing into the precious metals and oil markets. However, more than % of the funds, approximately 100 million U.S. dollars, flow into the broad commodity index each month alone, causing a trickle-down effect on base metals.
Dalian Precious Metals Spot Trading Center investment hotline: QQ