Hunan Weide Bulk Commodity Spot Trading Center
Investment Hotline
QQ
Manager Liu
Hunan Weide Spot Investment, Hunan Weide Investment, Hunan Weide Silver Investment, Hunan Weide bulk commodity investment, Hunan Weide agent, Hunan Weide company agent, Hunan Weide silver agent, Hunan Weide personal agent, gold, silver, copper, fuel hydrocarbons, energy, palladium.
The gold and silver market has been under attack recently, and the price of gold once hit the biggest weekly decline since the trough of
in 2018. Investment portfolio products related to gold and silver have not been spared either. Precious metal mining stocks have fallen
br/> The decline in days exceeded
.
Although we don’t have a crystal ball in our hands that can predict the future, Taki (
), a gold analyst at the well-known precious metal website
, believes that we have enough to understand from the following four charts
Gold price trend in 2019.
Gold prices are pointing towards
USD
/
ounces last week, and the gold price chart gave a clear signal. As can be seen from the first chart below, gold fell below the key point of the
US dollar
/
ounce, and the price of gold returned to the downward channel that began in the second quarter of 2019. The descending channel suggests that gold may fall below the
USD
/
ounce.
Because the market is very pessimistic about the implementation of the production restriction plan by the Organization of the Petroleum Exporting Countries (
), the oversupply situation in the oil market will continue until next year. At the same time, the strong rise of the US dollar has also put greater pressure on oil prices. U.S. crude oil futures prices hit an intraday low of
US dollars
/
barrels, and Brent crude oil futures prices hit an intraday low of
US dollars
/
Bucket.
Hunan Weide Bulk Commodity Spot Trading Center
,
Investment Hotline
, QQ
Manager Liu
Hunan Weide spot investment spot agent franchise