The price of precious metals is weak and stable

According to the data of business agency, the spot price of gold on November 20 was 391.20 yuan / g, a decrease of 1.56% compared with the average price of 397.40 yuan / G on the spot market at the beginning of the month (11.1); the spot price of gold was 342.54 yuan / g at the beginning of the year, up 14.21%; the spot price of gold was 331.75 yuan / g, up 17.92%; compared with the peak value (8.7) of the year, the spot price of silver was 448 yuan/ G, down 12.68%.

On November 20, the average silver market price was 5016 yuan / kg, an increase of 1.39% compared with the early average price of 4947.33 yuan / kg in the spot market at the beginning of the month (November 1); the spot price of silver at the beginning of the year (01.01) was 4376.33 yuan / kg, an increase of 14.62%; the spot price of silver was 2942.67 yuan / kg, an increase of 70.46%; compared with the peak value (8.11) of the year, the spot price of silver was 6708.33 yuan / kg , down 25.23%.

The price of precious metals is weak and stable

The positive news brought by the new crown vaccine brought a sharp drop in the risk aversion sentiment of the market, and the price of precious metals fluctuated in the first ten days of November. At present, the risk preference of capital in the market is on the rise. Other domestic markets, such as stock market and futures market, have a significant unilateral upward trend, and the price of precious metals is under more pressure.

Since the peak value of precious metal prices in the middle and early August, some profit-making funds have fallen into safety, and the investment enthusiasm has actually begun to slow down. The current round of Dayang market driven by investment demand has started to divert. It is expected that if there is no sudden situation in the near future, it is difficult to re gather the long sentiment, and the price probability rate of precious metal will continue to maintain a weak and stable operation.