Snight!Gold price rise

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On Thursday, local time, the price of gold soared, and the spot gold closed up 1.84%to $ 2558.07/ounce, refreshing the historical closing high.COMEX gold futures rose 1.78%to $ 2587.6/ounce, refreshing the historical closing high.

At the same time, U.S. stocks have performed stronglyChennai Investment. Cole Deron mining rose 19.13%, Hammani Gold rose 8.30%, Gold Rose Gold rose 6.89%, pan -whitening silver rose 6.32%, and Barrick’s gold rose 4.15%.Market analysis believes that the Fed will soon start the expected interest rate cut cycle to increase, which will support the recent strengthening of gold prices.The strong demand of the central bank’s strong buying and the overseas trading market has also promoted the rise of gold.Gold prices hit a new high time on Thursday, and the spot gold closed up 1.84%to $ 2558.07/ounce, refreshing the historical closing high.Spot silver rose 4.19%to $ 29.8792/ounce.COMEX gold futures rose 1.78%to $ 2587.6/ounce, refreshing the historical closing high.COMEX silver futures rose 4.48%to $ 30.225/ounce.On the news, the European Central Bank announced the latest interest rate resolution to reduce the key deposit interest rate by 25 basis points.At the same time, the number of unemployed gold and PPI data were released early last week.As of the early week of September 7, the number of unemployed golds invited 230,000 people, which was slightly increased from the previous value of 227,000, in line with expectations.The US August PPI increased by 1.7%year -on -year, and expected to increase by 1.8%Hyderabad Investment. The previous value was modified by 2.2%to 2.1%.The US PPI in August increased by 0.2%month -on -month and expected to increase by 0.1%. The previous value was corrected by 0.1%to 0.At present, the market is expected to reduce interest rates by the Fed next week.Ole Hansen, director of the commodity strategy of Shengbao Bank, said: "The European Central Bank’s interest rate cut, unemployment relief application, and the rise in PPI are sufficient to promote a new high." Hansen added that for the gold market, the start of the interest rate reduction cycle may increase.Support, regardless of interest rate cuts.The analysis believes that the Fed will soon start the expectations of the interest rate cut cycle increasingly, supporting the recent strengthening of gold prices.The strong demand of the central bank’s strong buying and the overseas trading market has also promoted the rise of gold.CITIC Construction Investment stated that the market has no dispute over interest rate cuts itself, and there is differences in interest rate cuts, that is, there are differences in the way of landing in the US economy: if it occurs, it is more radical to reduce interest rate cuts, which is very conducive to promoting gold prices;The retreat of further observation, gold is still the defense assets that can not respond to the expected economic data that cannot deal with expected economic data during the next rate cut.Therefore, gold in the first half of the interest rate cut is an excellent tool to deal with uncertainty.The three major U.S. stock indexes collectively increased the local time on Thursday, and the three major US stocks index rose across the board.As of the close, the Dow rose 235.06 points to 41096.77 points, an increase of 0.58%; the S & P 500 index rose 41.63 points to 5595.76 points, an increase of 0.75%; the Nasdaq index rose 174.15 points to 17569.68 points, an increase of 1.00%.The S & P 500 Index and Nasda Index recorded four consecutive rises.Technology stocks rose 0.05%, Amazon rose 1.34%, Naifei rose 0.78%, Google rose 2.34%, Meta rose 2.69%, Microsoft rose 0.94%, Tesla rose 0.74%, and Nviozo rose 1.92%.On the news, according to media reports, Nvidia, OpenAI, Microsoft, Google, and a number of executives of US energy and public institutions held a meeting on Thursday local time on Thursday to discuss the future of American artificial intelligence energy infrastructure.Golden stocks performed strongly, Cordlenin’s mining rose by 19.13%, Hammyi’s gold rose 8.30%, Gold Rose gold rose 6.89%, pan -whitening silver rose 6.32%, and Barik’s gold rose 4.15%.China ’s stocks rose and declined, and the Nasdaq India’s Golden Dragon Index fell 0.79%.Alibaba rose 0.80%, Baidu rose 0.14%, Pinduang increased by 2.15%, JD.com rose 0.34%; NetEase fell 1.27%, Weilai fell 5.71%, the ideal car fell 3.58%, and Xiaopeng Automobile fell 5.69%.Source: Mumbai Securities News

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