Lee McDarby, director of InvestecCorporateTreasury, pointed out that the market still expects practical actions, including bond purchase plans, to publicize the prices of treasAcquisition of precious metals businessury bonds in peripheral countries in the euro zone to avoid the vicious circle of the European debt crisis in the next few years.
Deutsche Bank (DeutscheBank) pointed out in a report on Friday (February 7) that the gold forward interest rate (GOFO) has fallen to negative values in recent days, and at the same time the spot premium has reappeared in the gold market, implying the recent demand for physical gold Still going strong, investors want physical delivery.
On the same day, the price of silver futures for delivery in May fell 1.121 US dollars to close at 31.834 US dollars per ounce, a decrease of 3.4%. The price of platinum futures for delivery in April fell 30.4 US dollars an ounce to close at 1654.3 US dollars, a decrease of 1.8%.
Silver production fell by 32.6 million ounces. This decline is in both mineral silver and recovered silver. On the whole, it is not a big drop, but in the silver market, its scale is quite large. As far as the market transaction volume exceeded 1 billion ounces in 2016, this accounted for 0.32% of the overall market.
Data shows that gold trading may become an important point of convergence with countries along the route. According to statistics from the World Gold Council, global gold demand has risen by nearly 50% in the past 10 years, while gold demand in Asia has risen by about 250% over the same period. In addition, the Gold International Board currently has nearly 60 international members, many of whom are from countries along the Belt and Road.
In addition, Minneapolis Federal Reserve Chairman Narayana Kocherlakota (Narayana Kocherlakota) said on Tuesday that the Fed should maintain its August Open Market Committee (FOMC) commitment, and canceling the cAcquisition of precious metals businessommitment will damage the Fed’s credibility. It will abide by the Federal Reserve’s commitment to maintain zero interest rates until mid-2013 at the Fed’s August meeting, and may not vote against it at the September meeting of interest rates as it did in August.
Frank McGhee, chief precious metals trader at Integrated Brokerage Services, said that the Fed's post-meeting statement did not make any hint to QE3. The Fed acknowledged the steady expansion of the US economy, indicating that it will not take immediate action to promote economic growth.