The spot price of precious metals rose sharply on JAN 6. According to the data of business agency, on January 6, the spot price of domestic gold was 355.23 yuan / g, a daily increase of 2.52% compared with the quotation of 346.50 yuan / G on January 3; the spot price of domestic silver was 4435.67 yuan / kg, a daily increase of 4335.67 yuan / kg compared with the quotation of 3 days. It rose 2.31% in the day.
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Today, the demand for precious metals to avoid risks has increased, mainly due to the fermentation of the situation in the Middle East:
1. Trump threatened to strike 52 targets including cultural sites
U.S. air strikes on Baghdad International Airport killed major general suleymani of Iran’s Islamic Revolutionary Guard on March 3. Iran said it would retaliate, and U.S. – Iraqi tensions escalated rapidly.
On Thursday local time, trump tweeted a warning to Iran that if Iran strikes any American or US assets, the US military will strike 52 important Iranian locations it has targeted.
“It is war crimes to regard cultural sites as targets,” Iranian Foreign Minister Ali Zarif said later Friday, condemning the US president’s threat to strike 52 of Iran’s most important targets.
2. Iran announced to suspend the implementation of Iran nuclear agreement: no more restrictions on the number of centrifuges
After the US assassinated Sulaimani, the head of Iran’s Revolutionary Guard Holy City Brigade, on the evening of January 5 local time, foreign minister Zarif of Iran sent a message on social media saying that as the fifth and final “remedial” step, there will be no restrictions on the number of centrifuges in accordance with Article 36 of the Iran nuclear agreement.
This step is within the scope of the Iran nuclear agreement, and all five steps are reversible after the effective implementation of equivalent obligations. Iran’s full cooperation with the International Atomic Energy Agency will continue.
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Note: in July 2015, Iran reached a comprehensive agreement on the Iranian nuclear issue with the six countries on the Iranian nuclear issue (the United States, Britain, France, Russia, China and Germany). Under the agreement, Iran promised to limit its nuclear program and the international community would lift sanctions against Iran. In May 2018, the United States announced to withdraw from the Iran nuclear agreement and gradually resume the sanctions on Iraq suspended due to the agreement.
3. Iraq demands that the Security Council condemn the U.S. military parliament’s request for the withdrawal of foreign troops from Iraq
On January 5 local time, the Ministry of foreign affairs of Iraq sent a letter to the UN Security Council and the UN Secretary General through the permanent representative of Iraq to the UN. According to the letter, the US air strikes on Iraqi military camps and assassinates Iraqi military leaders and senior friends in Iraqi territory, resulting in the death of muhandis, vice chairman of the people’s Mobilization Committee, several Iraqis and leaders with friendly relations with them, which is a serious violation of Iraq’s sovereignty and a violation of the conditions for US troops to be stationed in Iraq. Iraq calls on the UN Security Council to condemn the bombing and assassination.
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On the afternoon of January 5 local time, the Iraqi parliament held a special meeting and reached a resolution on the issue of the US military in Iraq, which includes: the Iraqi government must no longer ask international organizations to help combat extremist organizations; the Iraqi government should strive to end the presence of all foreign forces in Iraqi territory.