Himfr Reports Positive Economic Data Boost The Precious Metal Rose
Watertown reported better than expected economic data
, with precious metals and the U.S. dollar on the 2nd up. Analysts believe that the stock market and commodity prices rising across the board, providing support for the precious metals, and has formed a short term breakthroughs, space is opened up the market outlook.
Integrated media reported on April 6, China issued through April 6 silver analysis reported better than expected economic data, by this positive impact of rising commodity dollar stock market simultaneously, and the precious metals has become a short break. COMEX6 month gold closed up 7.70 U.S. dollars, or 0.7%, to 1133.80 U.S. dollars ounce, trading at 1120.80 1134.30 dollars. May silver rose 22.80 cents, or 1.3%, to 18.118 U.S. dollars ounce. Spot silver closed at 18.0618.09 dollars ounce, higher than Thursday (April 1) New York closing price 17.9117.94 USD ounce.
The Labor Department Friday (April 2) released data showed the U.S. March non farm employment increased by 16.2 million, the highest since March 2007 the largest increase is expected to increase by 19 million people. U.S. March unemployment rate remained at 9.7%, with economists expectations.
The United States in March by the impact of non farm employment data, the dollar strengthened against a basket of currencies. Despite the increase in nonfarm payrolls in March was slightly lower than expected, but still shows that the U.S. job market is recovering, and to support the market before the Federal Reserve European Central Bank and the Bank of Japan tightened monetary policy expectations.
This week will mark the nervous financial markets, intense central bank meetings, particularly the Federal Reserve's two major events 6 on the evening of the regular assessment of the discount window and Beijing Wednesday (April 7) 2:00 3 released 16 Federal Open Market Committee (FOMC) meeting on interest rates.
NYMEX crude oil futures Monday (April 5) soared to the highest since October 2008 level, by a series of positive U.S. economic data boost. NYMEX5 month closing high price of crude oil futures settled 1.75 dollars, or 2.06%, to 86.62 U.S. dollars a barrel for the October 8, 2008 closing high. Intraday trading range between 85.06 86.90 U.S. dollars.
Britain and some European commodity markets last Friday (April 2) and Monday (April 6) due to the Easter holiday. Stock prices and commodity prices rising across the board to bring on the gold support. Technical indicators point of view, MACD and KDJ indicators continue to issue bullish signal; Breen channel, the price of gold remained at the top of the track. Short term moving average form Jin Cha, support gold from the 1,084 rebound since. Silver followed gold higher, also affected by rising copper support. The current price of silver has become a short break, open space for the market outlook continues to rise, the next target is expected to test the January high of 18.90 U.S. dollars.
Shanghai Hua Tong platinum silver trading market on the 6th, 1 silver spot price 4,050 4,060 yuan kg, 2 silver spot price 4,035 4,045 yuan kg, 3 silver spot price 4,020 4,030 yuan kg, compared with 2 price support stability. Shanghai Hua Tong platinum silver line transactions monthly session on the 6th April silver contract settled at the closing price of 3,997 yuan kg.
by: himfr
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