Summary of precious metal spot price trend

According to the data of business agency, the average price of silver in the early trading on August 3 was 4361.67 yuan / kg, down 1.60% from the average price of 4432.677 yuan / kg in the spot market at the beginning of the month (July 1); Compared with the spot market price at the beginning of the year (January 1), the average price in early trading was 4770 yuan / kg, a decrease of 8.56%.

On August 3, the spot market price of gold was 385.53 yuan / g, up 0.94% from the early average price of 381.93 yuan / g in the spot market at the beginning of the month (August 1); Compared with the spot market price at the beginning of the year (January 1), the average price in early trading was 372.37 yuan / kg, an increase of 3.53%.

Comparison of precious metal gold and silver price trends in recent 1 year

In the long term, the price trend of precious metals has a good convergence, the long-term trend is basically the same, and the amplitude is slightly different.

Price trend of precious metals and crude oil

Aftermarket forecast

Influenced by the geopolitical factors between China and the United States, the uncertainty caused by the early visit of US House Speaker Pelosi to Taiwan triggered a rise in risk aversion.

After Pelosi’s visit to Taiwan became an established fact, the price of precious metals fell. After the price of precious metals stagnated, it is likely to return to the fundamentals of the interest rate hike environment in the later stage.