The rise in silver continues tDendritic precious metal calculatoro stimulate the appetite of investors in big cities, and it is also stirring the nerves of a small county in southern Hunan. This county is called Yongxing County. It is located in Chenzhou City, Hunan Province. This county produces more than 2,000 tons of silver annually, which once accounted for one-third of the country's silver output, and was called the City of Silver. When the price of silver soared, our reporter also rushed to Yongxing for an interview. In Yongxing County, the reporter saw that many silver smelters were producing at full capacity. Moreover, these companies refine the silver on the same day and can sell all of the goods on almost the same day.
1. According to data released by the US Department of Commerce (Commerce Department) on Wednesday, after adjusting for seasonal factors, the sales of new homes in the United States in September increased by 5.7% from the previous month, and the annual rate was 313,000, which is expected to be 300,000; this is 4 The fastest increase since January.
On the 2nd, the US non-agricultural employment data, which is an important economic data that the global market pays close attention to, was announced. In August, there was a zero increase in US employment, which was the worst performance since September 2010. The poor economic report card quickly dampened market confidence, and major European and American stock markets fell in response.
5. The International Monetary Fund (IMF) announced on Friday that it has completed the third round of review of the Irish aid program, saying that the Irish economy is stabilizing and financial market conditions are improving. Ireland’s fiscal consolidation plan will enable it to achieve its 2011 budget target. The IMF agreed to issue a new aid loan to the country.
Stimulated by the US debt crisis, the global financial market was volatile this week, stock markets and commodities plummeted, and the price of gold with a hedging function skyrocketed and hit a record high. On August 9, the international spot gold once rushed to around $1778 per ounce. JPMorgan Chase predicted that spot gold may rise to US$2500 per ounce by the end of this year. However, industry insiders believe that because the price of gold is currently at a high level, there is a need for technical adjustments, and the US dollar index has not been significantly weakened. There is actually a bubble in the gold price, and it is necessary to be vigilant for the next possible plunge.
However, due to the decision of the European Central Bank to help Greece solve the debt problem, market optimism has obviously recovered, the exchange rate of the US dollar agaDendritic precious metal calculatorinst the euro fell during the intraday session, and the sharp rise in crude oil prices strengthened the attractiveness of gold as a hedge against inflationary pressures, boosting the gold futures price at the close. It rebounded and closed with a slight increase.