noble metal
This optimism continued into early April, compared to the sharp rise in gold and silver prices after March, which caused the rebound in gold and silver prices due to the rebound in bitcoin, the general rise in commodities due to geopolitical risks, and the Fed's dovish statement in March. On the evening of April 12, silver suffered a large number of sell-offs after approaching the record high of $30 per ounce, and gold and silver collectively retreated. Gold prices rose sharply on April 19 on fears of an escalating conflict between Iran and Iran, but the situation has not escalated further since then, and gold has retreated from its highs and seen its first significant correction since the rapid upward trend in early March in the week of April 22.
Fiscal spending and investment are still expected to support the growth rate of the U.S. economy. The process of disinflation has stalled and the risk of reflation has increased, the market is worried about the risk of stagflation, and the expectation of interest rate cuts has further converged. U.S. Treasury yields and the U.S. dollar index still have upward inertia in the short term. Judging from the time cycle and gold valuation indicators, gold will ideally still need a few weeks of rest, and the next two months may usher in another opportunity to increase holdings. Continue to pay attention to the producer headroom trend. Gold prices fluctuated and corrected, the gold-silver ratio rebounded slightly, and the price difference between domestic and foreign gold fluctuated.
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