Silver up 17.71% monthly and gold up 5.36% monthly

Price trend of spot precious metals

 

According to the data of business news agency, on December 31, the average price of silver in the morning market was 5550 yuan / kg, up 17.71% from the average price of 4715 yuan / kg in the spot market at the beginning of the month (December 1), 26.82% from the spot price of 4376.33 yuan / kg at the beginning of the year (01.01), 88.60% from the trough price of 2942.67 yuan / kg in the year (3.19), and 88.60% from the peak price of (8.11) in the year The spot price of silver was 6708.33 yuan / kg, down 17.27%.

 

The spot price of gold was (342.71%) yuan higher than the spot price at the beginning of the year, and the spot price of gold was (341.34%) yuan higher than the spot price at the beginning of the year.

 

Price index of precious metals

 

On December 31, the silver commodity index was 63.30, up 0.83 points from yesterday, down 38.40% from 102.76 points (2011-09-06), the highest point in the cycle, and up 88.62% from 33.56 points, the lowest point on March 19, 2020. (Note: period refers to the period from September 1, 2011 to now)

 

On December 31, the gold commodity index was 104.33, up 0.37 points from yesterday, down 12.34% from 119.02 points (2020-08-09), the highest point in the cycle, and up 80.88% from 57.68 points, the lowest point on August 2, 2015. (Note: period refers to the period from September 1, 2011 to now)

 

In December, the precious metal market was uncertain

 

In December, the price of precious metals stopped falling and rose, among which the price of silver rose by 17.71% and the price of gold rose by 5.36%.

 

The price rise in the early stage was mainly due to the deterioration of vaccine effect in overseas epidemic news (especially the mutation of the British virus strain), the short-term failure of market optimism, and Trump’s signing of the epidemic stimulus and poverty relief act, as well as the endless emergence of easing policies by central banks.

 

At present, the price platform is volatile, and the uncertainty of the future market is strengthened.

 

Recent news:

 

The leaders of China and the EU jointly announced the completion of the China EU investment agreement negotiations on schedule;

 

Michelle Michel, President of the European Council, Frederick von draen, President of the European Commission and British Prime Minister Johnson all signed the agreement on Trade and cooperation between Britain and Europe one after another. After signing, the agreement will be implemented on January 1, 2021;

 

As tax incentives and epidemic driven demand for big houses continue to boost demand, UK house prices rose faster than expected in December, the biggest annual increase in six years. According to the data, the UK nationwide house price index rose 0.8% month on month in December, expected to rise 0.4% and the previous value rose 0.9%; it rose 7.3% year on year, expected to rise 6.7% and the previous value rose 6.5%;

 

Us wholesale inventories in November decreased by 0.1% on a month on month basis, expected to increase by 0.6% and the previous value increased by 1.1%.

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