On the evening of the 17th, gold and silver ushered in a big rise again, early in the morning of the 18th, the retail price of domestic brand gold rose by up to 12 yuan, and the listing price of many gold stores refreshed the record again, such as the listing price of Zhou Shengsheng has reached 740 yuan / gram, Chow Tai Fook, Mancaron, Chao Hongji, etc. also put out a new high price of 739 yuan / gram.
"It's 520 soon, and with such a high gold price, I'm afraid it will suppress everyone's enthusiasm for consumption." The senior manager of a jewelry store in Hangzhou said.
The data shows that last night, international gold futures and spot prices both strengthened, and silver performed even stronger, with futures and spot prices rising more than 6% in a single day and hitting a new high.
Looking ahead, can gold and silver prices continue to rise?
Silver prices soared to an 11-year high
The investor bought 12 kilograms of silver bars and lost money
Early this morning, watching the soaring price of silver, Ms. Wang from Hangzhou was a little depressed, "I really bought at the top of the mountain and sold at the lowest point, I wanted to invest to make money, but I lost more than 4,000 yuan." ”
The silver bar that Ms. Wang bought Courtesy of the interviewee
The silver bar that Ms. Wang bought Courtesy of the interviewee
In the more than a month after Ms. Wang's purchase, the price of silver experienced a shock adjustment, and finally, it ushered in an outbreak last night.
Wind data shows that as of last night's close, the COMEX silver futures price rose 6.36% in a single day to $31.775 per ounce, hitting an 11-year high; London silver is now trading at $31.49 an ounce, also hitting an 11-year high, up 6.60% in a single day.
If Ms. Wang sells it today, the price of silver is above 7.4 yuan / gram, but Ms. Wang sold it in the fall of silver some time ago, "It has been falling during that time, and I can't hold it, forget it, this money will be used up by myself!" ”
A precious metals analyst of a futures company in Zhejiang told reporters: geopolitical conflicts have brought about a rise in market risk aversion, superimposed on the market's expectation of the Federal Reserve to cut interest rates this year, international gold and silver prices have soared this year, and gold futures and spot prices have risen by more than 16% since the beginning of this year; Silver was even stronger, with SHFE silver prices rising by more than 33%, far outperforming the performance of major stock indexes in Europe and the United States over the same period.
However, a senior manager of the international department of a state-owned bank in Zhejiang told reporters: the fundamentals of silver have greater uncertainty, speculation and speculation attributes are heavier, from this point of view, long-term investment is not suitable for investment in silver, if investors have a strong short-term analysis ability and speculative ability, then silver is a good variety, because its volatility is greater than gold.
Gold is once again on the rise
Investors selling gold are active again
Gold also rose sharply last night. Xiao Shen, a staff member of a gold recycling company in Hangzhou, told reporters, "Last night, the gold rushed up, and many customers wanted to sell gold, and the phone calls were one after another, and they were busy until almost 12 o'clock." ”
These customers called Xiao Shen to lock in the selling price of gold. "The lock-in price means that the customer has gold in his hand, but he can't trade on the spot at night, so he recycles the price in real time last night, such as 563 yuan/gram, locks and sells, and whether it rises or falls, it is traded at this price."
Xiao Shen revealed that last night customers locked in the sale of 6 kilograms of gold, "everyone saw that the price of gold rose sharply, and the shot was active again, and the gold price fell in the early period of trading." ”
Photo courtesy of the interviewee
Like silver, gold futures and spot prices strengthened last night and both approached record highs. As of the close, COMEX gold futures rose 1.44% to $2419.8 per ounce; London gold is up 1.61% at $2,414.5 an ounce.
Domestic gold also rose sharply today, a number of gold stores overnight retail prices raised by more than 10 yuan/gram, the current brand of gold jewelry prices per gram has reached around 740 yuan/gram, many gold store prices have refreshed the previous record.
Will the price of gold and silver rise in the future?
Analysts warn of risks
"In fact, we expected the gold price to break through the day before yesterday, and sure enough, it still came, and I am afraid it will continue to rise later." The senior store manager pointed to the price of 739 yuan/gram in the store and told reporters that the price of gold is so high that people are worried, and sales can't be done.
After the price of gold and silver rose sharply last night, will it rise again?
Zheng Hong, a senior analyst of macro and precious metals at Zheshang Futures Research Center, said in an interview with reporters today: "The recent wave of gold and silver rises may be related to the slowdown in the previously announced US inflation data in April. In the future, precious metal prices are expected to remain at a high level. ”
A senior analyst at the international department of a state-owned bank in Zhejiang believes that "from a fundamental point of view, the current market expectation of the Fed's interest rate cut has increased, and other positive factors outweigh negative factors; From a technical point of view, it is currently the fifth wave of gold's rise, and it is very likely to break through the previous high, and it is expected to continue to open up space later. So overall, I'm still bullish on gold's continued upside. However, he reminded that he hopes that individual investors should rationally allocate their family assets, from an investment point of view, rather than speculative trading, because the current gold price is at a relatively high level, and if the external situation changes, there may be a large pullback at any time.