2. The Federal Reserve (Federal Reserve) said in its monthly report on Wednesday that the monthly rate of US industrial output rose by 0.4% in December and is expectInternational Precious Metal Silsbee Texased to rise by 0.5%. The monthly rate of industrial output in November was revised to fall by 0.3%, the first decline in seven months, and the initial value fell by 0.2%.
The price of silver futures for December delivery fell 79.2 cents to close at $34.361 per ounce, a decrease of 2.25%. The price of platinum futures for January delivery rose by 15.1 US dollars an ounce to close at 1673.1 US dollars, an increase of 0.9%.
After wandering for more than half a year, the international gold price recently broke through the 1,600 US dollar mark again and rose to around 1,614 US dollars yesterday. Ye Jianxiong, director of the Asia-Pacific Wealth Strategy Department of HSBC Global Capital Markets, boldly predicted in an e-mail sent to a reporter from the Yangtze Evening News yesterday that given the uncertainty of US fiscal issues, the US presidential election in November and the policy of further quantitative easing, gold in the second half of this year There will be room for growth, and gold is about to become one of the most attractive investments. Ma Changyuan, chief strategist in the gold industry, believes that the gold market may break out in late August or September.
U.S. Secretary of State Kerry’s seemingly joking remarks turned into a mediator to avoid war in an instant. After a few rounds of moves and accepts, the two sides seemed to have a handshake. In a conversation with British Foreign Secretary Haig on September 9, Kerry said: If Damascus surrenders all its chemical weapons, it may be immune to military strikes from the White House. As soon as the speech fell, the Russian Foreign Minister Lavrov, who was in charge of the reconciliation work, made similar suggestions along the way. During his meeting with the Syrian Minister of Foreign Affairs, he stated that if Syria leaves chemical weapons in the custody of the international community, it is likely to protect Syria from external military attacks. Russia is also happy to complete the handover of chemical weapons with Syria. Subsequently, the Syrian foreign minister agreed with the Russian proposal and said that doing so would make the US aggression against Syria untenable. At the same time, the White House said that Russia’s proposal is a potentially positive development, and the Iranian Ministry of Foreign Affairs and Ministry of Foreign Affairs also expressed their seconding to the Russian proposal at regular press conferences. The US-Syrian relationship, which was originally on the line, turned around due to a joke made by Kerry, and it was implied that the market began to speculate on the true intentions of the two parties. But in any case, handing over chemical weapons has now become a way to avoid war. If it was said that it was necessary to fight before, now it seems that both fight and non-play account for 50%. As a result, the risk sentiment has changed greatly. Affected by this, the three major US stock indexes continued their upward trend the day before. Among them, the Dow Jones Industrial Index rose 130.55 points, an increase of 0.87%. Oil prices plummeted by nearly 2% due to relief from geopolitical tensions, and precious metals and other safe-haven assets also fell across the board. Among them, spot gold fell sharply by US$20.05 yesterday to US$1,363.85. It once hit a low of US$1,357.50 in the past three weeks, a drop of 1.45%. Spot silver fell by US$0.75 to US$22.89, a decrease of 3.17%. The August industrial data released yesterday showed that the economy of the world's second largest economy quickly stabilized and rebounded. The industrial added value in August increased by 10.4% over the same period of the previous year, and the growth rate rose by 0.7 percentage points from the previous month. The total amount of social financing in August reached 1.6 trillion yuan, nearly double the previous month. Good economic data shows that the economy has successfully transitioned from slowing down, stabilizing, to recovering. The new generation of economic leadership team pays great attention to the adjustment of economic structure. Although the means for stabilizing growth this time is still to expand credit and strengthen infrastructure construction, it has undergone significant changes compared with the monetary easing after the 2008 financial crisis. The investment of funds pays more attention to practicality, and targeting according to the needs of the industry is the main tone of this economic stimulus plan. For example, the construction of highways and railways has received a lot of financial support, but there is rarely a large amount of capital investment in the real estate industry. Relevant data shows that investment in real estate projects in the first half of the year remained weak. From January to August this year, the newly-started residential area increased by only 3.3%. Since September, the world's largest gold ETF-SPDRgoldtrust has cut its holdings twice in a row. On September 4, it reduced its holdings by 1.8 tons to 919.23 tons; on September 10, it reduced its holdings by 2.1 tons to 917.13 tons, a 0.42% reduction this month. Technically, gold tested the support near the $1360 level yesterday and once touched a low near the $1357 level. Protected by entrenched buying orders near 1360, the close was above 1360. In the early trading of the Asian market today, gold continued to oscillate around the 1360 line of weakness and once again pierced the 1360 US dollar. The support below the daily chart is near 1350 where the 40-day moving average is located. On the graph, the 5-day line and the 10-day line turned down, and formed a cross with the 20-day line, indicating that the market outlook is still down. In addition, the Fed's Open Market Committee meeting on interest rates to be held next Tuesday and Wednesday is likely to bring bad news for gold. Regarding the Syrian issue, whether Russia's proposal is to avoid war or delay time, it will alleviate market concerns, which will severely hit the safe-haven nature of precious metals. Therefore, we believe that in the week when no major economic data is released, risk aversion will dominate the trend of gold. We recommend holding a small amount of short orders or holding a small amount of long gold contracts, while configuring short silver contracts based on comparison.
2. Italy's 10-year government bond yield on Monday hit a new high of 6.67% since the advent of the euro, only slightly lower than Greece's 7% level reached before receiving assistance from the European Central Bank (ECB) and the International Monetary Fund (IMF). In addition, the Italian opposition party is preparing to file a motion of no confidence in the government, and Berlusconi faces the threat of stepping down.
This trading day will announce the initial third-quarter GDP values of France, Germany, Italy and the Eurozone, UK retail sales in October, Eurozone core CPI in October, U.S. October CPI, U.S. New York Federal Reserve Manufacturing Index in November, and the United States last week The number of initial jobless claims after seasonal adjustment, the Philadelphia Federal Reserve Manufacturing Index in November. In addition, the EuropeaInternational Precious Metal Silsbee Texasn Central Bank will publish a monthly report.
Judging from the number of initial jobless claims in the past few weeks, the number of non-agricultural employment in May may not be able to sustain the growth of more than 200,000 people in the previous months. The number of non-agricultural employment will increase by more than 180,000, and the public sector will still show net layoffs, but the data may not be satisfactory to everyone, especially when the unemployment rate is still high, which may remain near 9%.