Berkshire Hathaway, a subsidiary of Warren Buffett, recently held its annual shareholder meeting. The shareholders, investment industry insiders and even ordinary shareholders all look forward Definition of precious metalsto getting investment inspiration at the shareholders meeting. At the meeting, Buffett supported the US economy, but he was not optimistic about the outlook for the dollar.
The rebound in gold prices this year has also brought a new round of buying enthusiasm in the consumer and physical gold markets. Yu Guiying said. Around the Spring Festival this year, the sales of gold jewelry increased by more than 25% compared with the same period last year, although the price was more than 10 yuan per gram higher than last year. In the fourth quarter of last year, the sales of physical gold bars, which were slightly sluggish, also returned strongly in 2017: it is not uncommon for investors to buy more than 1,000 grams of gold bars in February. In addition, driven by the factor of maintaining the value of gold bars during the Spring Festival, they are currently investing in gold bars. Compared with the fourth quarter of last year, the sales volume also increased by more than 30%. Yu Guiying said.
However, investors in Guangzhou seem to have not yet reacted to the price of gold breaking through US$1,800 per ounce. After experiencing a wave of slump + oscillations, the Laoguang people are taking advantage of the upward trend to ship goods. The reporter learned from Dongshan Department Store yesterday that in the past week, the repurchase volume of gold began to increase. The repurchase volume on November 7 was 2.11 kg, while the repurchase volume was nearly 2 kg yesterday afternoon.
Yesterday, the Gold Exchange issued the "Notice on Adjusting the Margin Ratio of Gold Deferred Contracts", which increased the margin of gold (T+D) contracts. While the price of gold is hitting record highs, the actions of the Gold Exchange show that the market has realized the risk of high gold prices. The Gold Exchange has entered a risk prevention stage for gold prices.
In addition, Spain's seeking financial aid may further boost market concerns about Italy's debt situation. Glendevon King Asset Management auditor Nicola Marinelli said that the current review of Italy is relatively high, and after the Spanish financial aid, the review of the country will continue. The financial aid to Spain does not mean that Italy will be attacked by the European debt crisis, but it will mean that investors will be extremely concerned about all the dynamic information of the country.
Financial commentator Yu Fenghui pointed out to our reporter that the current poor economic situation should have a positive efDefinition of precious metalsfect on the trend of gold prices, but the price of gold fell sharply last month. This was mainly due to the US dollar’s change from weak to strong, profit-taking operations and other commodities. Factors such as price fall are related. At the same time, the sharp rise and fall of gold prices also reflects that the current international gold market speculation is very serious, and the gold price trend has deviated from the actual supply and demand relationship. The early gold price was too high and the resulting bubble was too big. Investors and the market were in a very contradictory and tangled state, so the price of gold showed a volatile pattern.
In the past month or so, a lot of funds have flowed out of the entire commodity market. For example, the outflow of funds in the energy market is particularly huge. Wang Ruilei, chief analyst of Gosell Gold and Silver, told CBN that, from the perspective of recent weeks, the outflow of funds in the gold market is relatively not serious. For example, although SPDRGoldShares has lightened its position by more than 15 tons, its proportion in the entire holding of more than 1,000 tons of gold is very small.