Advertisements

July 19 Precious Metals Rally Driven by Cooling Employment Data and Falling Inflation

by 玛丽

On July 19th, the main contract of Shanghai Bank fluctuated higher, with an intraday increase of more than 2%. The analysis of Shenyin Wanguo Futures pointed out that the current rebound in precious metals is driven by the cooling of employment data and the fall in inflation.

The market logic presents the logic of “stop raising interest rates after raising interest rates in July + U.S. economic resilience + maintain high interest rates + wait for more evidence of job market cooling and inflation fall”.

Advertisements

However, when it is difficult to reach the threshold of interest rate cuts in the short term, the overall market outlook is still biased towards wide fluctuations, and the fluctuation range of the AG2312 contract is 5600-6000. The fluctuation range of the AU2312 contract is 445-460.

Advertisements

You May Also Like

blank

Futuresstocktrading.com is a comprehensive futures information portal. Whether you’re a novice or seasoned trader, find futures news, futures market, futures trading tips, and futures basic knowledge to enhance your trading prowess and financial success.

[Contact us: [email protected]]

© 2023 Copyright  Futuresstocktrading.com – Futures Market, Investment, Trading & News