Financial News
Written by: Zhang Weilun
2020-07-07 09:57
Date of last update: 2020-07-07 09:57The US dollar index continued to decline, bringing momentum to the rise in gold prices. The latest report of the US dollar was 96.67, down 0.06%, and the price of gold rose again. New York gold futures reported US$1,795.8 per ounce, up 0.13%; spot gold last reported US$1,784.69 per ounce, with no rise or fall.
New York silver futures reported the latest US$18.65 per ounce, up 0.37%.
Regarding the prospects of precious metal prices, TD Securities pointed out that the rise in precious metal prices is mainly dominated by investor risk aversion; and pointed out that when inflation rises, gold prices will benefit.
With the rise in gold prices, gold mining stocks are also sought after, Zhaojin (1818) rose 1.1%, the latest report was 9.62 yuan; China Gold (2099) rose 7.6%, the latest report was 5.41 yuan, and Zijin (2899) rose 3.8%, the latest report At 4.39 yuan, Shandong Gold (1787) rose 2.8%, SPDR Gold ETF (2840) rose 0.6%, the latest report was 1,300 yuan, and FL II South Gold ETF (7299) rose 1.1%.
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