Dollar gives back some gains, precious metals adjust sideways
On February 27, precious metals first suppressed and then rose.。London gold at 1817.08, up 0.30%; gold and silver diverged, with London silver closing at 20.624, down 0.74%。
On February 27, precious metals first suppressed and then rose.。London gold at 1817.08, up 0.30%; gold and silver diverged, with London silver closing at 20.624, down 0.74%; on the inside, gold T + D closed up 0 in late trading.21% at 413.9 yuan / gram; silver T + D late close down 0.19% to 4850.0 yuan / kg; the dollar index will vomit the day before yesterday's gains to close at 104.673, down 0.53%; 10-year U.S. bond yields also fell back to close at 3.92。The latest gold SPDRETF position is 917.61 tons, an increase of 0 from the previous trading day.29 tons, silver SLV ETF position is 14,966.63 tons, down 38 from the previous trading day.60 tons。
In terms of data, the monthly rate of US durable goods orders in January recorded -4.5%, expected - 4.00%, previous value 5.60%, the biggest drop since April 2020。On the breakdown, orders for durable goods, excluding transportation, rose by 0.7%, better than the previous value of the decline of 0.2%; the monthly rate of durable goods orders, excluding defense, fell by 5.1%, almost wiped out the previous month 5.6% increase。Overall orders were sharply lower while core data recorded an increase as new orders for aircraft and parts showed 54.6% month-on-month decline。Non-Defense Capital Core Durable Goods Orders Excluding Aircraft Up 0.8%, stronger than last December's decline of 0.1%, the largest increase in five months, indicating that despite high borrowing costs and strong uncertainty in the economy, companies are continuing to make medium- and long-term capital investments, reflecting in part a more optimistic attitude towards the economic outlook.。
On the Fed side, Governor Jefferson reiterated the need and tortuousness of reducing inflation, saying that low inflation is a "prerequisite" for long-term economic prosperity, will look for signs of falling inflation, and if inflation slows down or moves in the wrong direction, the Fed will do more.。
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