Lates News

Since the beginning of this year, the international gold futures price has risen by more than 17% and the silver price has surged by as much as 55%. Zhao Chao, the chief analyst of metal and coal at Changjiang Securities, said: "Since January, the gold-silver ratio has fallen to around 50, hitting a 13-year low, which is much faster than the recent surge in silver compared to gold." Looking at downstream consumption of gold and silver, some companies have indicated a strong buying sentiment in the market, leading to a significant increase in silver consumption recently. Industry insiders have stated that the spot price of silver bars in the Shui Bei market is currently at a premium of around 3 to 5 percentage points. On the 27th, the A-share precious metals sector also showed strength, with a nearly 4% increase in a single day, bringing the total increase since the beginning of the year to nearly 70%. Besides gold and silver, many other metal varieties have also seen a rise in prices recently. (CCTV Finance)