kemplayingcards| Shanghai platinum prices rise sharply: Falling economic data and rising expectations of interest rate cuts drive the precious metals market

News summary

Rising interest rate cuts and risk aversion push precious metals prices higherkemplayingcardsShanghai Bank fell back after a trading limit, and the CME gold volatility fell slightly; U.S. economic data fell, and the market predicted that the Federal Reserve may cut interest rates twice during the year; global central banks increased their holdings of gold, and gold reserves increased for 18 consecutive months, supporting the medium-and long-term trend of gold prices.

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[Precious metals sector ushers in an investment boom]

Expectations for interest rate cuts continue to increase, and risk aversion is high, pushing up precious metal prices.

The hard landing accident of a U.S. presidential helicopter triggered market worries, and precious metals bulls intensified the rally.

Market data shows that the net long positions of COMEX gold and silver futures funds have increased significantly, reflecting the positive optimism of funds on precious metals.

Gold purchases by central banks around the world provide support for gold prices, and gold's value is prominent in its "de-dollarization" and safe-haven role.

U.S. economic indicators have declined, inflationary pressures have eased, and market expectations for the Federal Reserve to cut interest rates in September have increased.

Precious metal prices have become more volatile in the short term due to the impact of the situation in the Middle East, and the medium-and long-term allocation value has increased due to the decline in interest rates.

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