NEWS
Precious metals still have allocation value due to wide divergence in future interest rate hike paths
Date：
2023-03-29 18:08
St. Louis Fed President Bullard said yesterday that due to the banking crisis, financial pressures have increased in recent weeks, but they can be controlled through regulatory policies rather than interest rates. This remark seems to imply that the Federal Reserve will continue to raise interest rates, and will not change this position because of the risk events that broke out in the bank before. However, judging from the probability of raising interest rates implied by the federal funds rate futures, the probability of keeping interest rates unchanged at the current May rate meeting is close to 60%. Therefore, the price of precious metals continued to fluctuate and rebound yesterday. Moreover, precious metals still have bargain-hunting value in the current market where there are great differences in the path of future interest rate hikes, and at the same time, there are many uncertainties in the future economic outlook.
Fundamentals
On the last trading day (March 28), the gold trading volume on the Shanghai Gold Exchange was 16,294 kilograms, a decrease of 31.69% from the previous trading day. The trading volume of silver was 624,034 kilograms, down 54.61% from the previous trading day. Gold inventories on the SHFE stood at 2,790 kilograms, unchanged from the previous session. Silver inventories rose 5,844 kilograms to 1,851,290 kilograms from the previous trading day.
The latest gold SPDR ETF position is 927.73 tons, an increase of 3.76 tons from the previous trading day. The silver SLV ETF position was 14,310.16 tons, up 37.16 tons from the previous trading day.
Yesterday (March 28), the Shanghai and Shenzhen 300 Index fell by 0.32% from the previous trading day, and the electronic components sector fell by 2.53% from the previous trading day. Photovoltaic sector fell 1.32% from the previous trading day.
2023-05-30
St. Louis Fed President Bullard said yesterday that due to the banking crisis, financial pressures have increased in recent weeks, but they can be controlled through regulatory policies rather than interest rates. This remark seems to imply that the Federal Reserve will continue to raise interest rates, and will not change this position because of the risk events that broke out in the bank before. However, judging from the probability of raising interest rates implied by the federal funds rate futures, the probability of keeping interest rates unchanged at the current May rate meeting is close to 60%. Therefore, the price of precious metals continued to fluctuate and rebound yesterday. Moreover, precious metals still have bargain-hunting value in the current market where there are great differences in the path of future interest rate hikes, and at the same time, there are many uncertainties in the future economic outlook.
Why do lithium battery companies frequently deploy energy storage?
2023-05-30
On the evening of March 27, Ningde Times issued an announcement stating that the company recently reached a supply agreement for a 450MWh battery energy storage project with HGP, a battery energy storage project development company. The two parties will also establish a long-term partnership to promote the implementation of up to 5GWh utility-scale and distributed energy storage projects to meet the growing demand for renewable energy in Texas, USA.
Check the rationality of the original product model design
2023-05-30
In the chassis parts, many parts are also applied to the stamping process, such as some guard plates, swing arms, sub-frames, etc. Many problems in the stamping parts in the later period are caused by the unreasonable design in the early stage, so as a qualified product design engineer