Summary of spot price trend of precious metals
According to the data of business agency, the average early trading price of silver market on October 11 was 4811 yuan / kg, a decrease of 5.37% compared with the average early trading price of spot market in early September (September 1); Compared with the beginning of the year (01.01), the spot price of silver was 5550 yuan / kg, a decrease of 13.32%.
On October 11, the spot market price of gold was 365.95 yuan / g, a decrease of 3.07% compared with the early average price of 380.20 yuan / g in the spot market price in early September (9.1); Compared with the spot price of gold at the beginning of the year (01.01), it was 392.70 yuan / g, down 6.81%.
On October 11, the gold spot market quoted 366.35 yuan / g in the morning and 365.24 yuan / g in the afternoon, and the intraday price moved down slightly; Policy information, the September non farm data suck, the debt ceiling problem eased temporarily, the current focus shifted to the beginning of November, the Fed rate conference. Technically, gold spot is supported at 360 yuan / g, there are signs of double bottom rebound recently, and the resistance level is near 375 yuan / g.
Recently, there are signs of double bottom rebound in precious metals, but the upward attack is weak on the 11th. It is expected that it will still be dominated by weak shocks in the short term.