mahis| Futures market opens: Shanghai Bank rose more than 7%, and the consolidated shipping index rose more than 4%

the opening of the marketmahis, most of the main domestic futures contracts rose. Shanghai silver rose more than 7%, the consolidated shipping index rose more than 4%, manganese silicon and urea rose more than 3%, Shanghai zinc rose more than 2%, pulp, butadiene rubber (BR), soda ash, No. 20 rubber (NR) and styrene (EB) rose nearly 2%, and glass, vegetable oil, caustic soda, rubber, and liquefied petroleum gas (LPG) rose more than 1%. In terms of decline, ethylene glycol (EG) fell slightly.

Shangjin took actionmahis! How will the gold and silver market go?

Yesterday, the Shanghai Gold Exchange issued a notice to adjust the trading margin ratio and price limit of gold deferred varieties and silver deferred contracts. Xinhu Futures analysis pointed out that the surge in gold prices is inseparable from the recent high risk appetite and the ever-strengthening liquidity easing expectations. In the short term, the market will continue to trade monetary easing expectations, and gold prices may remain strong. However, U.S. inflation data has just fallen, and it remains to be seen whether inflation has formed a downward trend. The Fed also needs more economic data to decide when to cut interest rates. In addition, the economic performance of non-U.S. economies is generally weak, and non-U.S. central banks may collectively release interest rates before the Federal Reserve, thereby supporting the strengthening of the U.S. dollar and temporarily suppressing gold prices. Expectations for a rate cut in September are relatively reasonable. Next, we need to focus on more economic data and the expectations it releases about the economy, inflation and employment patterns. In the medium and long term, it is a relatively certain event that the Federal Reserve is about to start a cycle of interest rate cuts, and the upward trend of gold prices has not yet ended.

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