According to the data of business agency, the spot price of precious metal gold and silver rose on May 8, with daily growth of 0.97% for gold and 2.71% for silver.
Precious metals in domestic futures market outperformed in the day
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Domestic commodity futures were mixed, with precious metals showing signs of rising, with Bank of Shanghai up more than 3% and gold of Shanghai up more than 1%.
Influence factors of recent information
1. On Friday night, Beijing time, investors will welcome the US April non farm employment report. The worst non farm report in American history. Wait and see the data message. It is expected that the rate will consolidate the market’s bullish trend.
2. After the realization of non-agricultural expectation, wait and see the game between resumption of production and epidemic situation. The current trend is generally more, but gold prices are high, beware of unexpected selling risks.
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