1. The current development of the precious metal investment market is still very active. Although this is a relatively reliable and stable investment product, the market will fluctuate every day due to the influence of various factors, and sometimes The fluctuation range is relatively large, which is also what attracts everyone. We look at the most basic aspects of the precious metals market, because the fundamentals represent the current development of the precious metals market. The environment will indeed stimulate people's risk aversion and investment preservation emotions. After entering the market, we will buy precious metal investment products. Generally speaking, national political relations and the current national economic development will affect the precious metal investment market. We can consider these aspects when analyzing the basic market. You can look at the technical K-line chart from a technical perspective, which can reflect the basic trend changes in the market. Based on the current K-line chart, investors can measure based on the changes in the market. The purpose is to see The market trend cycle, and using relevant technical indicators, we can have a deeper understanding based on the market trend. It can be seen that the market trend is still relatively important. We only need to use the K-line chart You can see short-term, medium-term and long-term trends.

2. The current major formal precious metal trading platforms in China are as follows:

1. Shanghai Gold Exchange: Shanghai Gold Exchange, referred to as SGE. It is a financial factor market established by the People's Bank of China with the approval of the State Council and specializing in gold trading. In 2018, the SGE’s gold trading volume ranked second in the global exchange market.

2. Southern Rare and Precious Metals Exchange: Hunan Southern Rare and Precious Metals Exchange Co., Ltd., referred to as the Southern Exchange, is officially approved for operation by the Hunan Provincial People's Government. Its trading mode is a spot listing and delisting trading mode. Transactions can be independently selected based on the information of buyers and sellers in the market. Spots can be withdrawn at any time for all trading varieties.

3. Tianjin Precious Metals Exchange: Tianjin Precious Metals Exchange, referred to as Tianjin Precious Metals Exchange, is based on the policy spirit of the State Council on "Opinions on Promoting the Development and Opening-up of Binhai New Area" and approved by the Tianjin Municipal Government. A corporate exchange initiated and established by Tianjin Equity Exchange Center. The business scope of Jingui Institute includes precious metals (including gold and silver), non-ferrous metals, ferrous metals, metal materials, steel and its products, mineral products and their raw materials (excluding coal), etc.

4. Guangdong Precious Metals Trading Center: Guangdong Precious Metals Trading Center Co., Ltd., referred to as the Trading Center. It is the only provincial precious metals trading platform funded and controlled by the Guangdong Provincial State-owned Assets Supervision and Administration Commission. In order to prosper the precious metal industry in Guangdong Province, standardize precious metal transactions, expand the field of financial services, and promote the integration of the domestic precious metal trading market with the

international market.

5. China Financial Futures Exchange: China Financial Futures Exchange, referred to as CFFEX. It is a corporate exchange established with the approval of the State Council and the China Securities Regulatory Commission, specializing in the trading and settlement of financial futures, options and other financial derivatives.