1. gold position: 165438+ 10/4 gold ETF position: SPDR gold position is flat; According to the data of gold ETF 165438+ 10/5, as of June 65438+ 10/4, the gold position of gold ETF-SPDR Gold Trust was 896.77 tons, which was the same as the previous trading day. 165438+1October 14, ishares gold position decreased by 0.7 tons/silver position was flat; According to the data of gold trust 165438+ 10/5, as of June 165438+ 10/4, gold trust held 357.2 14. The silver position was 1 17 15.09 tons, which was the same as the previous trading day.

2. The price of gold rose on Thursday, as investors were still worried about whether a Sino-US trade agreement was about to be reached, and the decline of risky assets and the dollar further supported the price of gold. David Meger, director of metal trading at High Ridge Futures, said that people are worried about the' first stage' agreement because there seem to be some sticking points in agricultural products; Therefore, we do see some new gold purchases. Analysts say it is unlikely that the United States and China will reach a permanent agreement in the coming year. Although concerns about the recession in the United States have eased, the economy is not expected to rebound soon. Me added that the weakness of the dollar against major currencies and the departure of the stock market from recent highs were additional auxiliary factors for the rise in gold and silver prices.

3. Analysts look forward to the prospect of the gold market:

Analysts at 1 Cliff Droke said that although the market sentiment has changed recently and the price of gold is also falling, many investors' interest in gold has not subsided. Judging from the positions in Comex gold futures market, gold bulls still hold a large number of positions, which is quite stubborn. Derocque believes that before the next wave of gold price rises, these bulls will gradually leave the market, causing the gold price to fall first. In terms of the price of iShare gold ETF(IAU), its 15 moving average is in a downward trend, and the price of gold is also below this moving average. Therefore, the price of gold may continue to fall in the shock area in the next week or two. Generally speaking, today's gold market is in a slightly differentiated state. Retail investors are still bullish on gold, but hedge funds, exchange-traded funds and institutional investors are beginning to bearish on gold. In this case, the biggest possibility of the gold market is regional shock.

3MetalsFocus: During the summer, the ratio of gold to silver narrowed sharply. It fell to a one-year low of 79: 1 in early September, but then it continued to rise. At present, the ratio of gold to silver is at a high level in the past month, slightly higher than 86: 1, but it is still relatively low compared with the high point of 93: 1 in early July. Recently, the performance of silver is not as good as that of gold, largely because the prices of major precious metals (except palladium) have fallen. In the third quarter, it was a large inflow of funds into gold that pushed up the price of silver. Given the high beta coefficient of silver, it is not surprising that silver has slowed down faster than gold in recent weeks, because capital inflows have slowed down significantly since the beginning of September. In fact, in addition to the influx of funds into high-quality safe assets, the increase in silver prices in the third quarter was mainly due to the sharp increase in speculative trading activities of short-term investors, which was highlighted by the surge in silver trading volume on major commodity exchanges. For example, in September, the silver trading volume of the Shanghai Futures Exchange surged eight times year-on-year, surpassing the New York Mercantile Exchange for the first time since 20 15. It is worth emphasizing that whether in Shanghai Futures Exchange or Shanghai Gold Exchange, the main force of silver trading in China is usually short-term investors. In July, the price of silver finally got rid of the downward trend and began to rise. At this time, the trading volume began to rise, which is the reason. The sharp narrowing of the ratio of gold to silver in July also increased the attractiveness of silver to many short-term investors. Two years ago, they avoided silver because of its long-term backwardness.

4RMB group: the decline of gold price has approached the buying area, and 1450 USD/oz is the key support level of the target market.

Michael matos, chief trader of 5U. Global investors in the United States say that the uncertainty of trade seems to be attracting buyers to buy gold. In the long run, as an investment, gold is still a safe-haven asset, people still want to hold gold, and the overall trend of the gold market is still rising.

6 ABN· Amro said that the price of gold will continue to rise in 2020, but investors should wait until the current adjustment is over. ABN Amro's forecast of gold in 2020 shows that the price of gold will trade at $65,438+$0.450 in 2020, and then it will rise to $65,438+$0.500 in the second quarter, $65,438+$0.550 in the third quarter and $65,438+$0.600 in the fourth quarter. Georgette Boele, a precious metals analyst at the bank, wrote in the report: "If we have closed a considerable number of long positions, we will be more optimistic about the trend of gold prices in 2020. We still expect the price of gold to rise to 1600 USD/oz by the end of 2020. However, although we are optimistic about gold, we believe that we need to wait until the callback is over before considering entering the market. " In the short term, ABN Amro expects the price of gold to fall further, which is why investors should not buy at this time.

ANZ Bank analyst Daniel Hynes: At present, the pressure of gold price comes from the tough stance of the Federal Reserve overnight. Paul, chairman of the Federal Reserve, said in his speech that interest rates will not be cut for the time being. But in the long run, the situation facing gold is still favorable. Gold will be supported as global central banks adopt easing policies.

8 TD Securities analysts said that gold still has downside. The expansion of long positions may continue to put pressure on prices. Analysts added that a key break-even point is $65,438+$0.438 per ounce.

Carsten Menke, an analyst at Swiss Shengbao, believes that the recent weakness of gold is mainly caused by the cooling mood in the futures market and the short-selling behavior of short-term speculators, trend followers and technology traders. But the current weakness is just a good time to buy;

10Bubba Trading analyst Todd Huo Weici also warned that this round of rebound in gold and silver prices may be just a "dead cat jump" after the oversold. Whenever there is oversold, there are always people who think that the bottom appears, the first one rushes into the market, and the bears appear. However, the factors affecting the market have not changed. Huo Weici believes that the gold market is still in a downward trend, and the occasional rebound will not change anything.

[Latest quotation of gold price]

1. Spot gold price

1. International spot gold price

As of press time, the international spot gold price reported 1468.30 USD/oz, down 3. 10 USD/oz from yesterday's closing price.

; The international spot palladium price reported 1743.44 USD/oz, which was 4.25 USD/oz higher than yesterday's closing price. The international spot silver price reported 17.003 USD/ounce, which was 0.026 USD/ounce higher than yesterday's closing price. The international spot platinum price is 884. 19 USD/oz, which is 0.34 USD/oz higher than yesterday's closing price.

2. Domestic spot gold price

Second, the gold futures price.

1. International gold futures price

2. Domestic gold futures price

Third, the price of paper gold.

Analysis of gold price trend

Spot gold daily chart

Spot gold hourly chart

At 9:35 Beijing time, the spot gold price is 1468.4438+0 USD/oz.

Related Q&A: Related Q&A: The price of gold plummeted! July 2023 1 What are the gold prices of major gold shops? Since July 1, the price of gold has suddenly dropped a lot. Many people said in the WeChat group that the price of gold plummeted and rushed to buy gold ornaments. This time of year is very suitable for buying much cheaper.

My wife has long wanted to buy an ancient bracelet. At the beginning of the year, she asked the price. Many well-known gold brands are about one gram in 480 yuan, and the lightest bracelet needs more than 20 grams. She thinks it's a little expensive, and it's still unacceptable to spend more than 1 1,000 yuan on a piece of jewelry.

I heard that the price of gold has dropped this time, so I went to the mall to see how much gold is a gram. Is it cheaper than the beginning of the year?

July 1 What's the price of gold?

I went to the gold counter in the supermarket, and the salespeople said that the price had been reduced, but when I asked, 500 yuan started. Laofengxiang brand 508 yuan a gram, Leofoo 508 yuan a gram, Chow Tai Fook, Zhou Dasheng 507 yuan a gram, China gold 505 yuan a gram.

"Has the price really dropped? Isn't 480 yuan a gram on New Year's Day? How cheap is it to pay more than 500 yuan now? " The wife is puzzled, isn't it cheaper to reduce the price? Why is it more expensive than before?

"It's really cheap. This time, some brands of gold took off and landed one gram from 5 yuan, and some brands lost money from 2 yuan. This is the first price cut in the first half of the year! " The salesman explained patiently.

"On New Year's Day in 2023, the price of gold was relatively cheap. It was about 470-480 yuan per gram. In the first half of the year, the price of gold has been rising, up 5.6 times. At the highest time, in June, some gold brands rose to one gram in 530 yuan, so the price this time is really suitable. " The salesman gave a brief introduction to the price of gold.

My wife checks the price of gold from her mobile phone. The price of gold in June is really not low. On June 6, the price of gold reached its peak. The price of Zhou Dasheng brand gold is one gram in 530 yuan, one gram in Laofengxiang gold and one gram in 520 yuan, and the price of other gold in Laomiao is around 5 15 yuan.

"Gold is getting more and more expensive. Even if the price is reduced, it is much higher than the expected price. It seems that I can't buy this gold bracelet, "my wife said to me with some self-deprecation.

Why can the price of gold reach more than 500 yuan, while the recycling price is only around 390 yuan?

The recovery price of gold is only in 390 yuan, and the difference between the selling price and the recovery price is 120 yuan. Why is this happening? Why do we buy gold jewelry at 400-500 yuan/gram, but when we get it back, we find that the price is only about 390 yuan/gram? What is the reason? Why can't 390 yuan buy a gram of gold?

The recovery price of gold is based on the gold price in the gold market on that day, and the manual fee, processing fee and brand premium when buying gold jewelry will not be calculated. Moreover, when the gold market falls, the recovery price of gold will be lower.

The recovery price of gold is lower than the gold price in the gold market, and gold recovery merchants also have to make money. Therefore, the higher the selling price, the higher the recycling price, and the bigger the price difference, so individuals can't buy cheap gold.