Metals News
The signing of the first phase of the trade agreement between China and the United States is on the weak side of the shock of precious metals.
translation
09:58AM
Source:Huatai Futures
The content below was translated by Tencent automatically for reference.

Macro overview: on the news yesterday, Boston Federal Reserve Chairman Rosengren said consumer spending is expected to remain strong amid a strong labour market, rising stock markets and strong personal incomes. on the first phase of a trade agreement that China and the US are likely to sign on the 13th to 15th of this month, Rosengren said the signing of the first phase of the trade agreement is unlikely to put an end to tariff uncertainty. However, from the market reaction, the recent risk sentiment still seems to continue to rise, the three major stock indexes continue to show an upward trend, and in this case, precious metals are showing a weak shock.

Overview of fundamentals: trading volume was 69460 kg yesterday, up 19.01 per cent from the previous session. Silver trading volume was 11508820 kg, up 60.27 per cent from the previous trading day. The stock of gold in the previous issue was the same as that of the previous trading day at 1773 kg. Silver stocks rose 21382 kg to 2113854 kg.

Yesterday (January 13), the CSI 300 index was up 1.81 per cent from the previous session, while the electronics sector was up 4.37 per cent from the previous session. The photovoltaic sector, on the other hand, was up 1.13% from the previous day.

Strategy

Gold: neutral

Silver: neutral

Ratio of gold to silver: suspension

Risk Point: change in the orientation of Monetary Policy of the Central Bank

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