Qingdao International Nonferrous Metals Recruits Personal Agents

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World Qingdao The latest data from the "Qingdao International Nonferrous Metals Demand Trend Report" released by the International Nonferrous Metals Association (R) shows that the global Qingdao International Nonferrous Metals demand in the third quarter of this year was metric tons, a decrease of % compared with the same period last year. Among them, the net increase in Qingdao International nonferrous products traded on the exchange has pushed up Qingdao International nonferrous investment demand, but this is not enough to offset the decline in demand in other areas, especially the decline in gold jewelry demand and central bank gold purchases.
The World Qingdao International Nonferrous Metals Association stated that as investors continued to increase the strategic asset allocation of Qingdao International Nonferrous Metals, total investment demand increased by 1% to metric tons, of which the increase in holdings accounted for metric tons. Three consecutive quarters of growth (led by European funds) were largely driven by volatile geopolitical and economic conditions, including the upcoming US election (July 2), turmoil in Europe following the UK's early Brexit referendum decision, and next year. The political uncertainty surrounding elections in many European countries has impacted. The accumulation was also further driven by relatively expensive equity valuations and low-yielding sovereign bonds.
Qingdao International Nonferrous Market Physical Qingdao International Nonferrous Investment’s approach to investment is changing, with demand for gold bars and gold coins totaling metric tons in the third quarter, down % year-on-year.
H, head of the market information department of the World Qingdao International Nonferrous Metals Association, said: In the third quarter, the positions of physical Qingdao International Nonferrous Metals as supporting products continued to grow, and by the end of the month, the holdings had reached metric tons. Institutional investors hope to invest in Qingdao International Nonferrous Metals to hedge and protect against the impact of potential uncertainties from geopolitical risks, including Brexit, the US presidential election and next year's French and German elections. In addition, the negative interest rate policy, a major issue this year, has further supported the demand of institutional investors.
The report also shows that as the world's most important Qingdao international nonferrous metals market, consumer demand in China and India fell sharply in this quarter, with year-on-year decreases of % and % respectively. In China, continued economic uncertainty has led to weak demand for Qingdao International Nonferrous Metals, a trend that has also been exacerbated by high Qingdao International Nonferrous Metals prices and changing consumer behavior. In India, factors such as stricter government policies, high gold prices, and shrinking rural disposable income have dampened consumer confidence. These are the main reasons why total gold jewelery demand fell by 1% year-on-year to metric tons.
At the press conference that day, H added: The core physical markets of India and China continued to be impacted by high gold prices and shrinking incomes in the third quarter, but are expected to improve in the fourth quarter. Price expectations have been the main trigger for buying Qingdao International Nonferrous, and consumers responded quickly to the gold price cut at the beginning of the month. In India, the first warm and wet monsoon in three years will boost incomes in rural areas and stimulate a rebound in demand during festivals and wedding seasons.
Data provided by the World Qingdao International Nonferrous Metals Association show that the total supply of gold mines this quarter reached metric tons, a decrease of % compared with metric tons in the same period last year. The relatively stable supply situation of mined gold has benefited from cost-saving plans, and cost reduction has become a major trend in the past few years. Rising gold prices have also stimulated consumers to sell Qingdao International Nonferrous Metals, increasing the supply of recycled gold. This quarter, the supply of recycled gold exceeded metric tons, a year-on-year increase of %. The above-mentioned report believes that the Indian recycled gold market is particularly active, and consumers sell their Qingdao International Nonferrous Metals for cash, causing the region's recycled gold supply to soar to metric tons, which is the highest level since the fourth quarter of this year.
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