SunSirs: China’s Precious Metal Prices Fluctuated Slightly on December 30
Precious metal spot price trends
The average price of silver in the early trading on December 30 was 4736.67 yuan/kg, compared with the average price of Wednesday (December 29) in the early trading of 4788.33 yuan/kg, a decrease of 0.87%; compared with the silver spot price of 5550 yuan/kg at the beginning of the year (01.01) , A decrease of 14.65%.
The gold spot market price on December 30 was 370.46 yuan/g, which was 0.32% lower than the Wednesday (December 29) spot market price of 372.48 yuan/g, and was 366.42 yuan/g compared to the early December (12.1) spot market price. The increase was 1.10%; compared with the beginning of the year (01.01), the spot price of gold was 392.70 yuan/g, a drop of 5.66%.A list of the price trends of precious metals, gold and silver in the past yearThe precious metals gold and silver have relatively good convergence, and the price of silver has a larger amplitude, and the direction is basically the same. After the recent price drop, the price of silver consolidated at a low level and began to repair.
Macro policy factors
The central bank launched a 100 billion yuan reverse repurchase operation today. As the 10 billion yuan reverse repurchase expired today, it achieved a net investment of 90 billion yuan on that day.
In December, due to the positive economic data such as the number of initial jobless claims and durable goods orders in the United States, the US economic recovery trend remained unchanged, but the US price index increased year-on-year to a new high. Superimposed on the impact of the European energy crisis, the market’s concerns about inflation rose. Silver rebounded from the low level, and the price of precious metals is expected to fall slightly in the short term, and the overall upward trend will remain unchanged.