Business News Agency, May 17
Since this week, the price of precious metals has been more volatile, mainly because the risk aversion has weakened but not disappeared, showing the characteristics of contingency, so there is support below the price of precious metals. The monetary policy of the Federal Reserve is expected to ease, but more weak data from the United States is needed. Therefore, the performance of the later US economic data is very important. In the second half of May, whether the data including personal income and expenditure, consumer confidence index and other data continue to be weak affects the rhythm of the short-term rise of precious metal prices.
Short term operation is more frequent, with 560 short-term support from the main contract of Shanghai Financial Group and 7450 short-term support from the main contract of Shanghai Bank.
(Source: Maike Futures)
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