Precious metals market

During the European and American trading hours last Friday, the United States announced April’s non-agricultural employment data, which again fell sharply below market expectations, raising investors’ expectations for the Federal Reserve’s QE3. The U.S.…

The economic data released on the 31st was mixed: US Department of Labor data showed that after seasonal adjustments, in the week ending January 26, 2013, the number of first-time jobless claims in the United States increased by 38,000 to 368,000, which i

Gold prices fell by about 1% on Tuesday, as low as $1235.6 per ounce, and rebounded to around 1243 on Wednesday morning. It may have recorded the biggest one-day drop so far in 2014, due to widespread market speculation that the Fed may announce further r

Deutsche Bank (DeutscheBank) said on Wednesday that it maintains its forecast that the price of gold will reach $2,000 per ounce in 2012 and is optimistic that gold will impact higher prices. The bank pointed out that the USs ultra-low interest rates, wea

In any case, analysts are increasingly optimistic about the prospects of gold. Bloombergs survey shows that analysts expect the average price of gold to reach $1,242 next year. Since the beginning of this year, the average price of gold is 1,265.98 US dol