On March 5, the Shanghai ** Exchange (hereinafter referred to as "Shanghai Gold Exchange") announced that in order to implement the arrangements and arrangements for serving the real economy and doing a good job in tax and fee reduction, Shanghai Gold Exchange has decided to adopt a series of preferential measures for handling fee rates. Industry insiders said that reducing the transaction fee rate of related contracts is conducive to the use of Shanghai Gold Exchange contract products to hedge the risk of volatility with lower transaction costs. In terms of the market, the international gold price has once again approached a record high recently. Analysts believe that in the medium and long term, the Fed's current round of interest rate hike cycle has clearly ended, and the tension of geopolitical conflicts has led to the enhancement of the safe-haven attribute, and the future gold price operation center is expected to remain high. Reduce and optimize the handling fee rateAccording to the Notice on Reducing and Optimizing the Transaction Fee Rate of Relevant Contracts issued by Shanghai Gold Exchange, the specific measures are as follows:
1. From March 5, 2024 to December 31, 2024, the intraday ** opening fee rate for AG (T+D) contracts will be 0.75/10,000.
2. From March 5, 2024 to December 31, 2024, the handling fee rate of the ** inquiry swap remote term range of the main board inquiry exchange platform and the interbank market is 1 millionth of a million.
3. From March 5, 2024 to December 31, 2024, Main Board Members and International Members will participate in IPAU9999. The swap far-end term range, TOM (inclusive) to SPOT (inclusive), and the fee rate is 1/1 million.
Jin Shixing, co-general manager of the derivatives department of CCB Commerce, said that the adjustment of the handling fee of the Shanghai Gold Exchange mainly involves the first spot deferred delivery contract, the main board inquiry swap and the international board inquiry swap. Reducing the transaction fee rate of related contracts is conducive to the use of Shanghai Gold Exchange contract products to hedge the volatility risk with lower transaction costs. The international gold price has returned to record highs againAffected by factors such as weaker-than-expected U.S. economic data since last Friday, international gold prices returned to historical highs again this week. Among them, the main contract of the United States COMEX *** was last week.
5. This week. 1. The Asian and European trading sessions continued to rise on Tuesday; As of 21 o'clock Beijing time today (March 5), the main contract has risen to around $2132 ounces, hitting a new high in nearly 3 months since December 4, 2023, relative to 2152$3 is an all-time high of an ounce, a difference of only about 1%. The trend of the main comex*** contract since November 2023
In recent trading days, the domestic *** has also been rising. At the opening of the night session on March 5, the main contract listed on the Shanghai ** Stock Exchange once broke through the integer mark of 500 yuan grams, and hit a new high since the listing of the Shanghai Futures Exchange for the third consecutive trading day. On the other hand, the **T+D**, which is listed on the Shanghai Gold Exchange, also opened above 498 yuan tonight, a new high since the listing of the variety. Since November 2023, the **t+d** trend of the Shanghai Gold Exchange
***windThe gold price pivot is expected to remain elevatedFor the driving factors of the recent sharp increase, Chuangyuan believes that there are two main aspects: first, the weakening of the weekly employment data and personal expenditure data released by the United States, as well as the weakening of the consumer confidence index and manufacturing PMI; Second, Fitch downgraded the rating of New York Community Bank, and many small and medium-sized banks in the United States are facing the risk of overdue and default on their asset-side mortgages. Under the influence of factors such as consumption data and weekly employment data, **substantially**. China Securities Construction Investment ** said that the current *** strong ** is not only affected by the recent weak economic data in the United States, but also by the Federal Reserve** voice will be on the US Treasury bonds "buy short and sell long" disguised reduction of short-term interest rates, although the market for the Fed's first interest rate cut expectations have stabilized in June, but the Fed's easing tendency continues to give strong support. In addition, the U.S. banking sector is facing another crisis, and the market risk aversion is heating up, which is also bullish for gold and silver**. Overall, under the expectation of easing, the market outlook is easy to rise and difficult to fall. Looking ahead, Founder believes that in the medium and long term, the Fed's current round of interest rate hike cycle has clearly ended, and the tension of geopolitical conflicts has led to the enhancement of the safe-haven attribute, and the gold price center is expected to remain high. Reviewer: Gao Gaifang Editor: Zhang Lijing Proofreader: Yu Hongbo Producer: Zhang Nan Signed: Ding Jianming