SMM1 June 26: afternoon gold plate changes pull up, Hengbang shares rose limit, China Resources Resources, China Gold Gold, Shandong Gold, Yintai Gold, Western Gold and other rapid strength.
At present, spot gold maintains shocks around 390, and US economic data perform well to support the strength of the dollar index, reducing the rebound of gold and silver, which may be dominated by range shocks in the short term. From the perspective of institutional positions, institutions are mainly wait-and-see. At present, the position level of SPDR Gold ETF, the world's largest gold fund, is basically the same as it was at the end of December last year, and institutions are expected to be cautious about their positions in gold, waiting for precious metals to pick up.
But the long-term trend is still optimistic. After President-elect Joe Biden proposed a $1.9 trillion bailout package, coupled with the bailout program already launched in the United States last year and the massive easing of the Federal Reserve, the huge liquidity of the whole market has heightened inflation expectations.
ITC futures believe that inflation expectations are still expected to outperform nominal interest rates in the future, and gold and silver will continue to rise. Therefore, it is suggested that investors should establish medium-and long-term orders for bargains. Due to the large fluctuations in gold and silver, it is necessary to strictly control the position.
