Business agency data monitoring showed that the average spot price of domestic gold on the 13th was 400.58 yuan / g, up 0.21% compared with 399.75 yuan / G on the first day, 16.94% higher than 342.54 yuan / g at the beginning of the year (01.01), and 20.75% higher than that of 331.75 yuan / G, the valley value of the year (3.19).
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On the 13th, the domestic spot price of silver was 4447.33 yuan / kg, an increase of 1.73% compared with the spot price of 4371.67 yuan / kg on the first day; the spot price of silver at the beginning of the year (01.01) was 4281.67 yuan / kg, a decrease of 1.62%; and the spot price of silver was 2942.67 yuan / kg, up 51.13% compared with the spot price of silver at the beginning of the year (3.19).
400 yuan / g at the gold station
In 2020, the gold price rose sharply, and the spot gold price broke through 400 yuan / g for the first time last week
（1） In addition, the central banks of various countries have relatively loose capital prices, frequent capital market liberalization and high liquidity.
（2） The major Western economies are greatly affected by the epidemic, and their economic expectations are poor. There is a surge in demand to protect against currency depreciation or economic downside risks.
（3） Under the influence of money making effect, the total scale of global gold ETF increased by 25% in the first half of the year due to the market expectation of buying up but not buying down.
Silver bottom rose 51.13% and jumped out of the “epidemic pit”
Silver has a strong industrial attribute. In the early stage, it was dragged down by the overall market of nonferrous metals plate, and the decline was relatively large. Due to the influence of precious metals, the decline was small. In March, silver led the decline of nonferrous metals plate, and fell to the historical low of nearly nine years.
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Recently, the non-ferrous plate strong return, silver prices also rise, gold and silver ratio gradually return.
There are many investment channels for precious metals, and we should operate cautiously in the future
Mainstream gold investment: Gold Fund and gold futures There are many ways of gold spot investment, such as Shanghai gold exchange spot contract and physical gold (gold bar) investment. Among them, spot contract can be divided into spot firm offer contract, spot spot spot contract, spot deferred settlement contract and cash delivery deferred contract. Spot real offer contract is the same as physical gold investment and has no leverage The advantages of other spot contracts are the introduction of leverage trading system, the use of margin trading, short-term operation, high yield and high risk. It is easy for ordinary people to confuse that bank paper gold is also spot gold investment. In fact, its subject matter is the certificate of gold ownership rather than real gold, which belongs to precious metal derivative products. Most banks can only buy it and the Investment Commission is relatively high.
At present, the price of precious metal gold is running around 400 yuan / g, which is relatively high. It is at the peak price in recent 10 years, and it is mainly operated with caution in the future market. As for gold bar investment, it is estimated that the investment cost performance is not high because of its lack of leverage and full payment. After breaking through the 400 resistance level, we will wait and see the interest rate policies of central banks, US dollar liquidity, inflation expectations and changes in the epidemic situation.
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