SunSirs: China’s Precious Metal Prices Remained Stable on November 25

2021-11-29by admin

Precious metal spot price trends
The average price of silver in the early trading on November 25 was 4,862.33 yuan/kg, compared with the average early trading price of the previous business day (November 24) of 4836 yuan/kg, an increase of 0.54%; compared with the silver spot price of 5550 at the beginning of the year (01.01) Yuan/kg, a decrease of 12.39%.
The spot market price of gold on November 25 was 369.37 yuan/g, down 0.08% from the previous business day (11.23) spot market price of 369.65 yuan/g, and compared with the early November (11.1) spot market price, which was an average price of 369.60 yuan/g in early trading. The decline was 0.06%; compared with the beginning of the year (01.01), the spot price of gold was 392.70 yuan/g, a decrease of 5.94%.
Precious metal gold and silver price trend comparison in the past year
The precious metals gold and silver have relatively good convergence, and the price of silver has a larger amplitude and the direction is basically the same. Recently, the price of silver has fallen rapidly at the end of September, and the price of precious metals has risen and fallen in the same range. After the National Day returns, the price of silver has bottomed and rebounded. The price of silver has fluctuated greatly, and the trend of gold and silver prices has tended to narrow. Recently, the fluctuation of silver prices has stabilized.
Precious metals and crude oil price trends
The United States announced the release of 50 million barrels of strategic oil reserves from its strategic reserves, Japan will dump 4.2 million barrels of reserves, and India will dump 5 million barrels of reserves. In addition, South Korea and the United Kingdom will also issue announcements to release strategic oil reserves.
Related information
The Federal Reserve announced the minutes of the FOMC meeting in November. The expectation of an “early interest rate hike” received market feedback yesterday, and prices are basically stable today.