On the 7th, due to factors such as the strengthening of the US dollar, international gold and silver prices fell markedly. As of 21.15 Beijing time, the price of gold futures for December delivery on the New York Mercantile Exchange was 4114.70 US dollars per ounce, down 1.73%; the price of silver futures for December delivery was 60.04 US dollars per ounce, down 2.52%. Meanwhile, investors are waiting for the minutes of the Federal Reserve's September monetary policy meeting to be released later on the 7th US time. Industry insiders said that before the minutes of the Federal Reserve's monetary policy meeting were released, there was a sense of wait-and-see in the market. Investors would probably be unwilling to increase their gold holdings on a large scale until expectations related to interest rate hikes became more clear.
Zhitongcaijing · 1d ago
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On the 7th, due to factors such as the strengthening of the US dollar, international gold and silver prices fell markedly. As of 21.15 Beijing time, the price of gold futures for December delivery on the New York Mercantile Exchange was 4114.70 US dollars per ounce, down 1.73%; the price of silver futures for December delivery was 60.04 US dollars per ounce, down 2.52%. Meanwhile, investors are waiting for the minutes of the Federal Reserve's September monetary policy meeting to be released later on the 7th US time. Industry insiders said that before the minutes of the Federal Reserve's monetary policy meeting were released, there was a sense of wait-and-see in the market. Investors would probably be unwilling to increase their gold holdings on a large scale until expectations related to interest rate hikes became more clear.
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