Gold Price Recovery

Gold price recovery  

Today is June 28, the major gold store gold prices rebounded, up 5 yuan/gram, the overall maintained at 713 yuan/gram. At present, the gold price of the highest gold store for Chow Sang Sang, up 7 yuan/gram, 716 yuan/gram. The lowest gold price of the gold store for Shanghai China Gold, does not rise or fall, the price of 698 yuan/gram. Today, the difference between the price of gold is 18 yuan/gram, and the price difference has widened.

Say that the price of gold, and then roughly talk about the price of platinum, continue to take Chow Sang Sang, today's gold price rose 7 yuan/g, platinum prices fell 8 yuan/g, the price of 408 yuan/g. The platinum price of other gold stores will not be reported in detail for the time being. If you want to know the platinum price of major gold stores, welcome to leave a message. After Xiaojin sees the message, the follow-up will add and organize for you.

Today, the gold price rose, and the gold recovery price also rose, by 5.8 yuan/gram.

After saying the physical gold price, let's talk about the international gold price:

Yesterday, the price of gold rose sharply, after a small swing down, rising, up to 2330.69 US dollars/ounce, and finally closed up 1.30% at 2327.70 US dollars/ounce. Spot gold continues to fluctuate today, as of press, spot gold temporarily traded at $2325.57 / ounce, down 0.09%.

Gold prices rose yesterday, mainly due to the slowdown in the US first quarter GDP data released yesterday, coupled with the labor Bureau's announcement that the number of people continuing to apply for unemployment benefits is much more than expected, the labor market is weak, and the expectation of interest rate cut is increased. The situation in the Middle East continues to intensify, which is also an important support for gold prices. The Fed continued to speak hawkish, limiting gold gains.

Phillip Streible, chief market strategist at Blue Line Futures, said that some of the data that has been released has supported the gold market, basically wholesale inventories were lower than expected, and the final GDP reading was significantly lower, pulling down the dollar index and thus boosting gold prices.

According to The Times of Israel, 27 local time, northern Israel was hit by about 40 rockets, the country sounded many air defense sirens. Hezbollah later claimed responsibility for the attack, saying it was in response to recent Israeli air strikes in Lebanon.

Yesterday, Fed Governor Bowman said: "If future data indicate that inflation is moving consistently toward our 2 per cent objective, it will eventually be appropriate to gradually reduce the federal funds rate to prevent monetary policy from becoming too restrictive." We have not reached the point where it is appropriate to lower policy rates and I continue to see some upside risks to inflation."

In general, in the temporary volatility of gold prices today, the market is waiting for the US May PCE data released in the evening, or have a greater impact on gold prices, and investors in need can pay attention to it. At present, the price of gold is volatile, or it is recommended to wait and see.