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![roulettetablesforsale| [Interpretation of Tuition] The gold sector adjusted Fuda Alloy closed down 5.13%, and institutions analyzed medium-and long-term support for gold prices.](https://www.raybak.com/zb_users/upload/water/2024-05-21/664c7a5d13d35.jpeg "roulettetablesforsale| [Interpretation of Tuition] The gold sector adjusted Fuda Alloy closed down 5.13%, and institutions analyzed medium-and long-term support for gold prices.")
Bubble Finance learned that on May 21, the A-share gold concept suffered a severe setback, Fuda Alloy (603045roulettetablesforsale.SH) closed down 5.13%.
On the news front, after the international gold price rose sharply to US$2,449.88 yesterday, there was a correction today. By the time of press release, London gold had once fallen 0.82% in intraday trading.
Looking to the market outlook, Hua 'an Futures believes that the de-dollarization process continues, global central banks increase their holdings of gold reserves, and the medium-and long-term bullish logic remains unchanged.
Everbright Securities (Rights Protection) research reported that the recent rapid rise in gold prices is mainly due to the loosening of the Federal Reserve's liquidity expectations and the downward trend in U.S. bond interest rates, pushing up investment demand. In the short term, wavering expectations of interest rate cuts may bring high fluctuations in gold prices. However, looking at trends, the U.S. economy is cooling down, the U.S. bond supply is falling, and the interest rate cut cycle is moving back but is still expected to start, indicating that U.S. bond interest rates have a strong downward trend, opening up room for gold prices to rise. In addition, in the context of anti-globalization, geopolitical conflicts occur frequently, the U.S. dollar credit system swings, and combined with rising demand for hedging, pushing the central bank to continue to purchase gold, which will become the support for gold prices in the medium and long-term dimensions.
Fuda Alloy's main business is the development, production and sales of electrical contact materialsroulettetablesforsale, is a leading enterprise in my country's electrical contact materials industry. The main products are contact materials, multilayer contacts and contact elements, which can provide customers with integrated solutions for electrical contact materials.
In terms of gold, according to the company's official website, Wenzhou Weida, a subsidiary of the company, mainly carries out precious metal recycling business, recovering silver, gold and other metals from scrap metal materials and making them into silver powder, silver ingots, gold and other products.
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