Gold prices hit a record high.
On September 13th, Wind data showed that the price of spot gold (the same London, the same below), the price exceeded the new high of $ 2,550/ounce overnight, and once again exceeded the $ 2,560/ounce integer mark, the highest price rose to $ 2568.03/ounce, Lian Shi History.
As of press time, the price of spot gold has reached a short period of time, and the price has risen to above $ 2,560/ounce, at $ 2563.43/ounce.
In terms of the market, Wind data shows that on September 13, the COMEX gold futures disk also rose rapidly. As of the press release, it once rose to a high of $ 2596.3/ounce, which was directly at a high of $ 2,600/ounce.
From August to the present, this round of COMEX Gold Futures has risen by nearly $ 120, an increase of more than 4.8%.
In terms of domestic market, driven by the rising price of external markets, on Friday (September 13), the main 2410 contract of Shanghai Gold was reported at 583.68 yuan/gram, up 1.71%, up to 584.86 yuan/gram.Jaipur Stock
In addition, the opening price of the Mumbai Gold Exchange "Mumbai Gold" also rose on September 13.As of the press release, the opening price of Mumbai Gold AU99.99 contract was 575.0 yuan/gram, the highest price was 583.45 yuan/gram; AU99.95 contract price was 578.0 yuan/gram;Glip; AU (T+D) contract price is 574.51 yuan/gram, the highest price is $ 583.8/gram.
In terms of gold prices of jewelry, after the period of August, it is currently returning to the top of 750 yuan/gram.
According to data from the Mumbai Gold Jewelry Industry Association, on September 13, in terms of the price of foot gold, Lao Fengxiang reported 755 yuan/gram, the old temple newspaper was 755 yuan/gram, the Indian Gold News 755 yuan/gram, and 758 yuan/gram of Chow Tai Fook Newspaper.
Many analysts pointed out that international gold prices have soared to a new high in history, which is mainly related to the latest economic data released by the United States and the Federal Reserve ’s interest rate cut expectations.
Soochow Futures analyzed that after the US PPI and the data of the unemployed relief were announced on Thursday, local time, the gold price rose to a historical high.The US August PPI increased by 0.2%from July, and expected to increase by 0.2%. The expected report in July was 0.1%from June.The core PPI in August increased by 0.3%from July. After the July report remained unchanged, it is expected to rise by 0.2%.At the same time, the US employment data released at the same time shows that in the week of September 6, the number of applicants for unemployment relief for the first time increased by 230,000, which was higher than the 228,000 after the amendment of the previous week, which was the same as expected.
"At the same time, the European Central Bank lowered its main interest rate by 0.25%to 3.5%, which strengthened the market’s expectations of the Fed’s 25bp by 25bp, and the precious metals were operating strongly." Soochow Futures pointed out.
In the research report, CITIC Futures further pointed out that the current new market information is that the euro zone is expected to reduce interest rates, and the interest rate of the deposit mechanism is 25 basis points to 3.5%;To 3.9%; and the year -on -year data of the American PPI fell to 1.7%, and the data rebounded 0.1%month -on -month, which once again boosted the market expectations of "soft landing".Mumbai Stock Exchange
Looking forward to the market outlook, although the price of gold reached a new high, market participants are still optimistic about their next performance.
CITIC Futures pointed out that although the recent inflation, PMI, and non -agricultural data show that the service inflation indicators have slowed down, it is expected to form a safe margin.Therefore, it is recommended to continue to be held in the early stage. The Federal Reserve’s interest rate conference will eventually realize the probability of 50bp this month. It will once again boost the price of precious metalsJaipur Stock. If it is not 25bp, it is expected to show pigeons and boost prices.
"Overnight US dollars and 10 -year US debt yields fell, the precious metal sector rose sharply, and the precious metal sector was expected to maintain a rising momentum in the context of reducing interest rate cuts." Hongye Futures analysis said.
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