Crude oil stocks in the US went up by 0.509 million barrels in the week ending May 3, after rising by 4.906 million barrels in the previous week, while the market expected a 1.43 million barrels draw.

On May 7, the price of domestic silver began to rise.

At the beginning of last week, due to the slowdown in geopolitical turmoil in the Middle East and the strong US labor data, bullish sentiment cooled, and silver prices began to fall. The downstream placed orders last week due to lower prices.

The silver prices opened at $27.137 per ounce on April 25.

The export volume of semi-finished silver with a purity of ≥99.99% was 0.069923 tons in March; the export volume of unwrought silver with a purity of ≥99.99% was 362.632015 tons, a month-on-month increase of 38.6% and a year-on-year increase of 6%.

Gold price fluctuation, is the mirror of the global economy. As a symbol of wealth, every ups and downs of the price of gold touches the hearts of global investors. Behind it, is the global economic trends of profound changes and complex intertwined. Trade wars, geopolitical risks, public health events, uncertainties are endless, and market confidence fluctuations. At this time, gold is a safe-haven asset, and the gold price fluctuations are more and more intense. In the face of complex and volatile gold price fluctuations, investors need to take into account global economic trends, monetary policy, inflation, technological advances and geopolitical risks. They need to adjust their investment strategies to capitalize on opportunities and mitigate risks. Governments and regulators also need to strengthen supervision to maintain market stability.

The oscillations in the price of gold are intrinsically linked to, and have a reciprocal relationship with, monetary policy. The profound influence of this trend is propagated by tools such as interest rates and money supply. Additionally, gold prices serve as a significant barometer for inflationary expectations - an essential element guiding monetary policymaking decisions. We recognize the importance of staying informed about these market dynamics. Accordingly, the SMM website offer real-time data on gold prices via our website, equipping you with insights that facilitate an in-depth understanding of this correlation. Such knowledge empowers investors to remain abreast with market variations while enabling policymakers to fine-tune economic regulation more precisely. Therefore encouraging collaborative efforts towards fostering robust economic growth.

The purchase of gold by central banks of many countries, the safe-haven demand brought about by geopolitical conflicts and the market's enthusiasm for going long are still continuing, and COMEX gold continued to set a new high on April 9.

Yesterday, the US March NFIB Small Business Confidence Index announced a value of 88.5, lower than the previous value of 89.4 and the expected value of 89.9. Silver still rose slightly today. The opening price of spot silver was US$28.142 per ounce.

In March, the market was not affected by CNY holidays.