International gold prices rebounded slightly, still below the $1,800/oz mark

　　Guangzhou Daily (all-media reporter Zhang Lu) After many consecutive days of decline, international gold prices rebounded slightly on September 9.

As of 18:21 on the 9th, New York gold owners rose 0.02% to 1792.2 US dollars per ounce.

　　According to industry analysts, the strengthening of the US dollar and rising yields of treasury bonds suppressed the market’s demand for precious metals. Gold futures fell under pressure and fell below the $1,800 per ounce mark again, marking the biggest one-day drop in nearly a month.

　　The reporter noticed that with the recent fluctuations in the prices of precious metals such as gold and silver in the international market, many banks have also tightened their precious metal-related businesses.

At the same time, since the beginning of this year, the trading volume of gold products has declined.

According to the data released by the official website of the China Gold Association, in the first half of this year, the total bilateral trading volume of all gold varieties on the Shanghai Gold Exchange was 18,400 tons (9,200 tons unilaterally), a year-on-year decrease of 45.46%, and the bilateral trading volume was 6.96 trillion yuan (single The total volume of all gold products on the Shanghai Futures Exchange was 50,600 tons (25,300 tons per side), a year-on-year increase of 17.57%, and the bilateral transaction volume was 17.89 trillion yuan (8.95 tons per side). Trillion), an increase of 16.18% year-on-year.

In the first half of the year, domestic gold ETF holdings increased by 7.76 tons. As of the end of June, domestic gold ETF holdings were approximately 68.67 tons.

　　For the gold market outlook, the industry generally believes that the price of gold will continue to run below the $1,800/ounce mark, which is quite unfavorable to the subsequent trend of gold prices, and the short-term weakness may continue.

From a technical point of view, gold has fallen below $1,79.00 per ounce, and is currently maintained below this level, thus consolidating the expectation of continued bearish trends in gold prices.