Paper gold fluctuated at a high level on Friday (65438+1October 1 1). At present, the price of paper gold is trading around 335.3. Drakis' hawkish remarks overnight suggested that there would be no further interest rate cuts in the short term, and the euro rose nearly 200 points overnight. Boosted by this, the price of paper gold easily broke through the previous resistance of 334 and returned to the level above 335.
The European Central Bank (ECB) decided on Thursday (65438+1October 10) to keep the benchmark interest rate unchanged at a record low of 0.75%, which was in line with the expectations of most market participants. This month is the sixth consecutive month that the European Central Bank kept interest rates unchanged. President of the European Central Bank (ECB) Drakis? At the press conference after the interest rate decision, Draghi made more optimistic remarks about the situation in the euro zone, saying that the central bank's decision to keep interest rates unchanged during the day was unanimous, because the yields of government bonds and CDS interest rates in the euro zone countries dropped significantly, and European stock markets had already risen. He said that this interest rate decision shows that there is no call for interest rate cuts.
Wei Jun, senior financial analyst of FX 168 Financial Group, said that the overall tone of Delakis' speech was more optimistic than market expectations. Although he mentioned the risks of economic downturn and falling inflation in his speech, he emphasized the good trend that financial markets are improving. At the same time, he hinted in his speech that there will be no interest rate cuts or other easing policy actions in the short term.
Influenced by Delacquis's optimistic remarks, the EUR/USD rose strongly overnight, consolidating the overall increase of nearly 200 points in Europe and America. The dollar index continued to fall from above 80.50 to around 79.70. The price of gold rose above the resistance of 334 and returned to the level of 335.
In addition, the data released by China Customs showed that the trade surplus of China in June 5438+February was $365,438+62 million, higher than last month's $65,438+96.3 million. According to the median expectation of economists surveyed by the media, it is estimated that China's trade surplus in June 5438+February is197 billion USD. During the period of 65438+February, the export growth was 14. 1%, which was much higher than the market expectation of 4%. Imports increased by 6% year-on-year, and the growth rate was also higher than the expected 3%.
rj？ O 'Brien. & amp？ Janet, general manager of the joint venture company? Mirasola said that after China's trade data was released, the prices of oil, barrels and gold rose.
MKS？ Alex, a senior precious metals and foreign exchange trader? Thorndike said that after China's trade account data was released, risky assets climbed and the Australian dollar strengthened sharply. He said that the prices of gold and silver have also been boosted.
The world's largest gold exchange traded fund (ETF)-SPDR? Gold? As of 1 October 9, the trust's gold position of 65438 remained at1,339.84 tons. ETF——iShares, the world's largest silver ETF? Silver? The trust's silver position as of1October 9, 65438 remained at 10,12.22 tons.
On this trading day, China's consumer price index in June was 5438+February, China's ex-factory price index in February was 65438+February, French current account in June 165438+February, Swiss consumer price index in June was 65438+February, and British1October industrial output and manufacturing output165438. In addition, EU Commissioner for Economic and Monetary Affairs Ryan will deliver a speech on the EU and the economic crisis-the next step towards recovery.
Technically, the daily resistance of paper gold price is in 340 yuan/gram and 338 yuan/gram; The support level is 333 yuan/gram and 33/kloc-0 yuan/gram.