Deep Tide TechFlow News, January 27 — According to Jinshi Data, during the trading session from the evening of January 26 to the early morning of January 27, the prices of spot gold and spot silver experienced a significant pullback. What caused gold and silver to “rise rapidly and then fall sharply” in the short term? Li Gang, Director of Research at the China Foreign Exchange Investment Research Institute, stated that on one hand, global geopolitical risks continue to spill over, coupled with rising international political uncertainties; on the other hand, uncertainties surrounding the Federal Reserve’s monetary policy path remain, and the medium- to long-term concerns about the dollar’s creditworthiness are prompting funds to continue to concentrate on precious metals. For silver, beyond the safe-haven logic, there is also an amplified effect from improved expectations for new energy and industrial demand, making its gains and volatility significantly stronger than gold. In Li Gang’s view, it is not ruled out that silver prices may short-term fall back below $100/oz and even below $90/oz. (China News Service)
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Expert from China Foreign Exchange Investment Research Institute: Silver prices may briefly fall back below $90.
Deep Tide TechFlow News, January 27 — According to Jinshi Data, during the trading session from the evening of January 26 to the early morning of January 27, the prices of spot gold and spot silver experienced a significant pullback. What caused gold and silver to “rise rapidly and then fall sharply” in the short term? Li Gang, Director of Research at the China Foreign Exchange Investment Research Institute, stated that on one hand, global geopolitical risks continue to spill over, coupled with rising international political uncertainties; on the other hand, uncertainties surrounding the Federal Reserve’s monetary policy path remain, and the medium- to long-term concerns about the dollar’s creditworthiness are prompting funds to continue to concentrate on precious metals. For silver, beyond the safe-haven logic, there is also an amplified effect from improved expectations for new energy and industrial demand, making its gains and volatility significantly stronger than gold. In Li Gang’s view, it is not ruled out that silver prices may short-term fall back below $100/oz and even below $90/oz. (China News Service)