Price trend of spot precious metals
According to the data monitoring of business agency, the average spot price of domestic gold on the 20th was 333.83 yuan / g, up 0.31% compared with the spot price of gold on the 19th, 343.30 yuan / g, down 2.76% compared with the monthly peak (November 1), and 284.10 yuan / g, up 17.50% compared with the spot price at the beginning of the year (01.01).
The spot price of domestic silver on the 20th was 4121.33 yuan / kg, up 0.50% compared with the spot price of silver on the 19th, and up 13.92% compared with the spot price of 3617.67 yuan / kg at the beginning of the year (01.01).
Main influencing factors
| Melamine |
1. China US trade news
On the morning of November 16, Liu He, a member of the Political Bureau of the CPC Central Committee, vice premier of the State Council and China’s leader of the China US comprehensive economic dialogue, spoke with us trade representative lait sizer and finance minister manuchin, according to the Ministry of Commerce on Sunday. In the early stage, the demand for precious metals to avoid risks declined and the price was lowered. Today, the U.S. Senate of the Congress considered and passed the so-called “Hong Kong Bill of human rights and democracy” which confuses right and wrong, confuses black and white, and interferes in China’s internal affairs roughly. In addition, in the early stage, President trump of the United States was unwilling to cancel the previous imposition on Chinese commodities With the news of tariff increasing frequently, the market began to waver in the view of reaching the first stage trade agreement. The uncertainty in trade negotiations between China and the United States began to increase.
| EDTA 2Na |
2. The quotation rate of domestic loan market is lowered
The people’s Bank of China authorizes the national interbank lending center to announce that on November 20, 2019, the quoted interest rate (LPR) of the loan market is 4.15% for one-year period and 4.80% for more than five-year period. The above LPR is valid until the next LPR release. The central bank continued to strengthen counter cyclical regulation and enhance the support of credit to the real economy.
| EDTA |