2019-02-28 3138Secondary browse
Share to： Surprised! Gold plunges $10 below $1320 palladium plunges $50!
The expected difference will become A share to rise the power surprised! Gold plunges $10 below $1320 palladium plunges $50! Spot gold fell as much as 0.90 percent to trade below the $1320 mark at $1317.01 an ounce on Wednesday (feb 27) in New York. Palladium fell nearly 50 dollars from its session high and was down nearly 3 percent.
Matthew Turner, commodities strategist at Macquarie, said the fed was clearly in dovish mode, but its influence was lower than normal because the dollar had not fallen as much as normal. Gold is a bit like riding a bicycle. You have to keep moving to keep your balance. Recent economic data from the euro zone have been mediocre, but America's Labour data are still strong. In addition, the minutes of the January meeting released by the federal reserve last week and the semi-annual monetary policy report are not as loose as the market expected due to the elaboration of the downscaling and interest rate hikes. In addition, gold moves to the intensive area of previous transactions between the two parties, and the international gold price trend starts to fall under pressure. Many of the world's capital markets have been strong since the first quarter of this year, with stocks, commodities and bonds in several countries showing strong gains, but the wave of buying late last year has made some commodities, including gold, more expensive. Therefore, in the short term, with the high price of gold, market volatility will increase, investor sentiment will gradually become stuck, and the market will re-choose its direction. The index of leading U.S. stocks rose again in February, indicating that earlier financial market volatility had blunted the negative impact on the U.S. economy at this stage. In congressional testimony, federal reserve chairman colin Powell went on to point out that the relative health and risks to the U.S. economy come largely from outside judgment, and that he would maintain "patience" with neutral interest rates and more than $1 trillion in reserve assets. For the fed's monetary policy, although the year-to-date sustained release: the rhythm of the patient to raise interest rates and announced plans to end the shrinkage table may years, but from the actual monetary policy operation, the fed's balance sheet in "suo table" cruise mode continue the process of contract as planned, the market liquidity to continue tightening effect. However, the impact of the recent economic data after the financial fluctuations in the fourth quarter of last year is yet to be seen. The us economic data remains strong, which may limit the further upside of gold prices. Like a stopped clock, gold and silver seem to have stopped moving, writes Todd Horwitz, chief market strategist at BubbaTrading.com. Daily ranges have become tighter, volumes have fallen and no one seems interested in the metal. This behavior can be described as the calm before the storm. The current deal suggests a big move is on the horizon. According to the information we have, the movement should be higher. Although there is no guarantee that gold prices will go higher, the odds are that they will. Gold and silver have held on to support. Based on what we've seen so far, we remain bullish. Only when gold closes below $1320 do we revalue or adjust our position. Mark To, head of research at sinopac financial group, said gold had strong support at $1,300 an ounce, especially with the fed's current attitude. Spot palladium was down nearly 3 percent at one point, retreating nearly $50 from a session high of $1,567.26 an ounce to trade near a two-day low of $1,517.59 an ounce. Georgette Boele, fx and precious metals strategist at abn amro, said signs that palladium prices are starting to be more influenced by traditional factors such as economic data and investor sentiment raise the possibility of a pullback. If that happens, the sell-off could be very dramatic, as prices have risen almost exponentially. So I'd like to say fasten your seat belts. Deutsche bank has also warned that the metal is increasingly showing signs of froth. Ubs analyst Joni Teves said even though market participants are now talking about the possibility of palladium hitting $2,000, there is room for a deep correction.
[reprint source - Shanghai coloured coloured net] jing! Gold plunges $10 below $1320 palladium plunges $50! https://news.smm.cn/news/100878791 http://hq.smm.cn/gjs
Matthew Turner, commodities strategist at Macquarie, said the fed was clearly in dovish mode, but its influence was lower than normal because the dollar had not fallen as much as normal. Gold is a bit like riding a bicycle. You have to keep moving to keep your balance. Recent economic data from the euro zone have been mediocre, but America's Labour data are still strong. In addition, the minutes of the January meeting released by the federal reserve last week and the semi-annual monetary policy report are not as loose as the market expected due to the elaboration of the downscaling and interest rate hikes. In addition, gold moves to the intensive area of previous transactions between the two parties, and the international gold price trend starts to fall under pressure. Many of the world's capital markets have been strong since the first quarter of this year, with stocks, commodities and bonds in several countries showing strong gains, but the wave of buying late last year has made some commodities, including gold, more expensive. Therefore, in the short term, with the high price of gold, market volatility will increase, investor sentiment will gradually become stuck, and the market will re-choose its direction. The index of leading U.S. stocks rose again in February, indicating that earlier financial market volatility had blunted the negative impact on the U.S. economy at this stage. In congressional testimony, federal reserve chairman colin Powell went on to point out that the relative health and risks to the U.S. economy come largely from outside judgment, and that he would maintain "patience" with neutral interest rates and more than $1 trillion in reserve assets. For the fed's monetary policy, although the year-to-date sustained release: the rhythm of the patient to raise interest rates and announced plans to end the shrinkage table may years, but from the actual monetary policy operation, the fed's balance sheet in "suo table" cruise mode continue the process of contract as planned, the market liquidity to continue tightening effect. However, the impact of the recent economic data after the financial fluctuations in the fourth quarter of last year is yet to be seen. The us economic data remains strong, which may limit the further upside of gold prices. Like a stopped clock, gold and silver seem to have stopped moving, writes Todd Horwitz, chief market strategist at BubbaTrading.com. Daily ranges have become tighter, volumes have fallen and no one seems interested in the metal. This behavior can be described as the calm before the storm. The current deal suggests a big move is on the horizon. According to the information we have, the movement should be higher. Although there is no guarantee that gold prices will go higher, the odds are that they will. Gold and silver have held on to support. Based on what we've seen so far, we remain bullish. Only when gold closes below $1320 do we revalue or adjust our position. Mark To, head of research at sinopac financial group, said gold had strong support at $1,300 an ounce, especially with the fed's current attitude. Spot palladium was down nearly 3 percent at one point, retreating nearly $50 from a session high of $1,567.26 an ounce to trade near a two-day low of $1,517.59 an ounce. Georgette Boele, fx and precious metals strategist at abn amro, said signs that palladium prices are starting to be more influenced by traditional factors such as economic data and investor sentiment raise the possibility of a pullback. If that happens, the sell-off could be very dramatic, as prices have risen almost exponentially. So I'd like to say fasten your seat belts. Deutsche bank has also warned that the metal is increasingly showing signs of froth. Ubs analyst Joni Teves said even though market participants are now talking about the possibility of palladium hitting $2,000, there is room for a deep correction.
[reprint source - Shanghai coloured coloured net] jing! Gold plunges $10 below $1320 palladium plunges $50! https://news.smm.cn/news/100878791 http://hq.smm.cn/gjs
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