Reid admitted to manipulating the US precious metals market for about seven years.

Reid admitted to manipulating the US precious metals market for about seven years.
By Precious metals company

Reid admitted to manipulating the US precious metals market for about seven years.

CFTC data also showed that as of May 24, the euro net long fell from 41,645 a week ago to 19,129; the yen net long fell from 15,373 to 8,006; the Swiss franc net long fell from 15,661 to 14,725; the Canadian dollar net long fell from 26,291 It fell to 21,277. The pound's net short position rose by 14,143 on May 24 from 928 a week ago. At the same time, traders increased their bets on the rise of the Australian dollar and NewReid admitted to manipulating the US precious metals market for about seven years. Zealand dollar against the US dollar; the Australian dollar net long increased from 50,991 to 53,043; the New Zealand dollar net long increased from 12,624 to 13,876.

The sharp drop in gold in April smashed the bubble, and the world's largest gold ETF SPDR reduced its holdings of 138.51 tons of gold in April, indicating that the status of gold in asset allocation has declined. So does it mean that gold will fall below the $1,100 or even $1,000 mark as some analysts expected.

As far as QE policy is concerned, withdrawal is almost a certainty, it is just a matter of time. The economic recovery of the United States can be clearly seen from the economic data last month. Although the non-agricultural data in July did not perform well, the Dow still hit a new high, and the US dollar index also fluctuated upward. As the U.S. economy improves, QE exit expectations become stronger, and a strong dollar will fuel the decline in gold prices.

3. Data released by the National Bureau of Statistics on Wednesday showed that the inflation rate in April remained high. Data show that the consumer price index (CPI) in April rose 5.3% year-on-year, which was lower than the 5.4% increase in March, but higher than the expected 5.2%.

This week’s important data and events are relatively concentrated. On Wednesday and Thursday, the Bank of England and the European Central Bank’s interest rate resolutions will be announced. On Friday evening, July non-agricultural data will be announced in the United States. The market forecast results will continue to be positive for non-dollar currencies. It is unpredictable. It is best for investors to do sufficient analysis before entering the market.

Australia’s fourth quarter GDP annual rate Australia’s fourth quarter GDP monthly rate Euro zone fourth quarter GDP annual rate revision Euro zone fourth quarter GDP monReid admitted to manipulating the US precious metals market for about seven years.thly rate revision US February ADP employment change in the US Bank of Canada’s March interest rate decision

However, there are also concerns about the aluminum market. For example, Nanhua Futures recently pointed out that the frequent occurrence of public events triggered by the Great Leap Forward in infrastructure construction may lead to the introduction of relevant policies. The rapid expansion of fixed asset investment may face policy pressure, which will inevitably affect steel. , Copper and aluminum market.

Since March, many pawn shops in Hefei City, Anhui Province have raised their gold pawn prices, but platinum, which has a market price higher than gold, has entered the pawn shops, but it is not as good as gold. The author recently learned from pawn companies such as Hefei Chuangyuan, Huarong, and Hengxin that the value of platinum mortgages has begun to plummet, and the minimum mortgage price has fallen to more than 100 yuan per gram.