Portland, Oregon Precious Metals Sales

Portland, Oregon Precious Metals Sales

The price of gold jewelry reached its peak at May 1st, and has now returned to the level of the end of April. The salesperson of Nanping Shangxi Department Store Chow Tai Fook Store told reporters that during the May 1st period, the highest price of pure gold jewelry in the store reached 419 yuan/g. This price has been maintained for about 4 days. It has been lowered to 400 yuPortland, Oregon Precious Metals Salesan/g, which is 4.5%. .

During the Super Week, gold fell slightly by US$20, ending the three consecutive weeks of rising prices with a drop of 1.52%. The continued positive data gives people reason to believe that the prospects for the golden week may be more or less good. The change in the number of U.S. ADP employment in July announced on Wednesday was 200,000, higher than the previous 188,000. At the same time, although the GDP in the second quarter fell from the previous value, it still reached 1.7%, which far exceeded expectations. On the same day, gold fell all the way from a high of 1340 to around 1305. Supported by long buying orders entrenched near this position, it barely rebounded to around 1320. ADP data is regarded as the forerunner of non-agricultural data, and the two have a high positive correlation. The strong ADP data gives the market reason to expect a bright non-agricultural data. On Thursday, the world's major economies concentrated on publishing manufacturing indexes. Official data from the world's second largest economy shows that although the economy has rebounded from the previous month, it is still near the line of prosperity. In July, the final value of the HSBC Manufacturing Purchasing Managers Index fell to 47.2 compared to the previous period, showing that the scale of the economy is shrinking. Subsequent PMI data released by major EU countries and the Eurozone generally increased compared to the previous period. The market's concerns about the euro zone have eased. The US July ISM manufacturing index released late in the evening Beijing time also greatly exceeded expectations, reaching 55.4. The number of people applying for unemployment benefits last week and the number of people applying for unemployment benefits at the beginning of last week also decreased significantly compared with the previous week. The data pushed up market expectations for the Fed's early reduction of asset purchases, boosted the dollar, and gold fell. Throughout the day on Thursday, gold fell nearly $14, a drop of more than 1%. On Friday, before the much-anticipated US July non-agricultural data and unemployment data were released, the market generally expected the data to be better than expected. Gold fell sharply in Asia and Europe. After falling below the important support of $1,300, it triggered a long stop-loss order below, and then all the way down to around 1282. However, the real data is not as eye-catching as market expectations. The number of non-agricultural employment in the United States in July changed to 162,000, which was less than the expected level of 184,000, and it was a far cry from the previous value of 195,000. The U.S. dollar fell by more than 50 basis points in an instant, and the Dow Jones Index hit a new all-time high. At the same time, gold quickly rebounded above the $1,300 level, and once touched near $1,318, returning to the previous shock range. On the weekly chart, a small Yinxian with a longer lower shadow was closed last week, ending the three consecutive weeks of rebounding. The changes in the US labor market have made it more difficult to grasp the market’s speculation on whether the Fed will cut its debt purchases in September. Data on Friday showed that although non-agricultural employment was far below expectations, the unemployment rate in July reached the lowest value of 7.4% since the 2008 financial crisis, and was lower than the expected level of 7.5%. Although the changes in the market did not show up in time, the declining unemployment rate will inevitably become a powerful weapon for the Fed's hawks. Pianalto, President of the Cleveland Federal Reserve Bank of the United States, will deliver a speech on Wednesday. Prior to this, Pianalto was considered a staunch dovish member of the Fed, and she was positive about the Fed's economic stimulus plan. She once said: As long as the actions taken are beneficial to the economy and the risks brought about by the actions are controllable, I will support such actions. However, as the US economy continued to recover, Pianalto's attitude gradually began to move closer to the hawks. In February of this year, she publicly stated that if the U.S. economic situation continues to improve, it will be natural for the Fed to gradually withdraw quantitative easing measures. Although the Fed’s current monthly purchase of US$85 billion in securities assets has indeed achieved some effect, it also has hidden risks, which may bring uncertainty in credit and market interest rates, and may also trigger inflation. According to her personal opinion, it will be inevitable for the Fed to gradually withdraw from the current easing measures within this year. News and data are relatively scarce this week. The market will return to the game between long and short. The multi-party's goal is near $1340. This resistance has suppressed gold for many days. The air side also placed heavy guards at this point. Below support is located near 1300 and 1280 US dollars. After experiencing the ups and downs of last week, the bulls will certainly not give up the area easily. It is expected that gold will fluctuate mainly between 1280-1345 next week. A breakthrough in either direction will inevitably touch the stop loss order, thereby expanding the range of volatility. Investors can carry out moderate range operations and follow the trend when a breakthrough occurs.

In addition, the foreign storage policy may have a hidden impact on the precious metals market. According to sporadic reports from foreign media, although the official gold reserves have been around 1,200 tons, the government is likely to increase their holdings of precious metal reserves off-book in recent years. The method may be through nationalized mines or smelters. , Or even directly purchase gold and silver products directly from the country under the name of a state-owned enterprise (such as a commercial bank), so the official gold and silver reserves may be mixed with water. However, these unproven claims cannot help us to judge the future market. However, our investigation of domestic gold and silver traders shows that the government is indeed directly purchasing gold and silver products by various means, but the amount of purchases is still Secretly, from this perspective, the premium of domestic gold and silver to foreign gold and silver can also be explained.

DaveMeger, director of metal trading at VisionFinancialMarkets, said that market expectations for the Fed’s QE3 have risen, and Novotny said there are discussions about granting the European Stability Mechanism (ESM) banking license. Both of the above news supported the euro, which in turn boosted the price of gold.

International gold prices on Wednesday (December 19) began to trade at low levels. The dawn of the U.S. fiscal cliff problem has begun, and the improvement in market risk appetite has led to a rise in European and American stock markets. The price of gold failed to stand firm at the Qianqi mark and fell sharply after breaking through the key support of 1680, once approaching the level of 1660.

SharpsPixley's head of gold trading, Ross Norman, said: When the dollar hits a high level, gold is affected, which is clearly what happened this time. TPortland, Oregon Precious Metals Saleshere are many things to worry about politically and economically, but people have become accustomed to bad news, so they no longer have an impact on prices.

This year, our development has encountered a bottleneck. The company has many orders, but it is difficult to complete them. The person in charge of Shenzhen Tongxin Jewelry revealed that because manual operation has always been the mainstream in the jewelry industry, some handmade jewelry products such as tight chains are in short supply, and jewelry companies are all out of stock. We urgently need to promote transformation and upgrading and increase productivity through standardization.

To be precise, the most important factor affecting international gold prices is the Fed’s monetary policy and its plans to withdraw from the quantitative easing policy. Liu Xinliang, a precious metals analyst at a major state-owned bank, said in an interview with a reporter from the Information Times that the US stock market has repeatedly set new highs this year and has been suppressing the charm of gold, causing a large amount of funds to flow out of gold ETFs.

On that day, the price of silver futures for delivery in March 2013 rose 27.3 cents to close at $29.26 per ounce, an increase of 0.94%. The price of platinum futures for delivery in April 2013 fell by US$4.2 to close at US$1616.5 per ounce, a decrease of 0.26%.

On that day, the price of silver futures for delivery in March 2013 rose 66.1 cents to close at $34.431 per ounce, an increase of 1.96%. The price of platinum futures for January delivery rose 7.8 US dollars to close at 1619.5 US dollars per ounce, an increase of 0.48%.