Price trend of spot precious metals
According to the data monitoring of business agency, the average spot price of domestic gold on the 25th was 342.86 yuan / g, an increase of 0.64% compared with the spot price of gold on the 24th, 347.60 yuan / g, a decrease of 1.36% compared with the monthly peak (October 9), and 284.10 yuan / g, an increase of 20.68% compared with the spot price at the beginning of the year (01.01).
| PVA 1788 (PVA BP17) |
The spot price of domestic silver on October 25 was 4308.33 yuan / kg, an increase of 0.87% compared with the spot price of silver on October 24, 4364.67 yuan / kg, a decrease of 1.29% compared with the monthly peak (October 9), and 3617.67 yuan / kg, an increase of 19.09% compared with the spot price of silver at the beginning of the year (01.01).
Main favorable factors
1. Impact of brexit news
British Prime Minister Gordon Johnson said Thursday that he would restart the legislative process of the suspended brexit agreement if the lower house of parliament agreed to hold an early election on December 12.
2. Interest rate cut and loose policy expectation of central banks
| PVA 1799 (PVA BF17) |
(1) recently ECB President Draghi released a dovey tone yesterday, emphasizing the risk of economic downturn.
(2) the recently released US economic data is weak. The market expects that the possibility of another interest rate cut at the Federal Reserve meeting ending on October 30 will increase, and the Federal Reserve is expected to cut interest rates for the third time this year.
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