According to the data of business agency, the spot price of gold on August 28 was 416.33 yuan / g, a decrease of 2.19%%, compared with the average price of 425.66 yuan / G on the spot market of buyers · 1 day in 1998; the spot price of gold was 342.54 yuan / g at the beginning of the year (01.01), up 21.54%; compared with the valley value of the year (3.19), the spot price of gold was 331.75 yuan / g, up 25.50%; compared with the peak value of the year (8.7), the spot price of silver was 4.4% 48 yuan / g, down 7.07%.
| Azodicarbonamide (AC foaming Agent) |
On August 28, the average price of silver market was 5946.33 yuan / kg, an increase of 8.02%%, compared with the average price of 5504.33 yuan / kg in the early trading of spot market on August 28; compared with the spot price of silver at the beginning of the year (01.01), 4281.67 yuan / kg, up 33.33%; compared with the valley value (3.19), the spot price of silver was 2942.67 yuan / kilogram, up 102.07%; compared with the peak value (8.11) of the year, the spot price of silver decreased by 1.1% 1.36%。
On August 28, the benchmark quotation of Shanghai gold (gold ingot with standard weight of 1kg and fineness of no less than 99.99%) was 417.68 yuan / g in midday trading on Shanghai gold exchange. Compared with 416.12 yuan / g in early trading, the benchmark price was increased by 1.56 yuan / g.
On August 28th, the benchmark quotation of Shanghai silver (15kg standard weight and 99.99% purity silver ingot) in Shanghai gold exchange was 5973 yuan / kg in midday trading, and was increased by 32 yuan / kg from 5941 yuan / kg in the early trading.
| ferric sulfate (Poly ferric sulphate) |
Influencing factors of recent news
1. Fed policy
At 21:10 Beijing time on Thursday, the Federal Reserve issued a revised statement of its long-term goals. Fed chairman Colin Powell said the Fed’s inflation target is now 2%. The Fed did not provide a formula to define an average 2% inflation rate. Powell said the Fed’s new strategy was “a flexible form of targeting average inflation.”.
Generally speaking, when the inflation rate is more than 2%, the possibility of the Federal Reserve to raise interest rates will decrease. For the first time, domestic precious metal futures will rise sharply in the night trading, and then the funds will take profits and plunge sharply.
2. Sino US Geopolitics
On August 25, China protested that the US reconnaissance plane broke into the restricted area for military exercises. On the 26th, China launched four medium range missiles into the Xisha sea area of the South China Sea. The US side subsequently sanctioned 24 Chinese enterprises involved in the South China Sea, and the military also made a strong voice. On the 27th, China protested that the US warships had broken into Xisha territorial waters on the same day.
| Melamine |