Sector Update: Financial

The over-the-counter price of silver has fallen below $60 per ounce, with an intraday decline of 2%. As a bulk commodity possessing both precious metal and industrial attributes, the price of silver is typically influenced by multiple factors, including the movement of the US dollar, market risk aversion sentiment, changes in global industrial demand, and the overall trend in the commodity market. Recently, the overall volatility of the international precious metals market has significantly inc

The offshore OTC market's RMB-denominated gold price has dropped by more than 2% intraday, currently quoted at 965.7756 yuan per gram.

The price of gold in the over-the-counter market fell below $4,500 per ounce, with an intraday decline of 2% on the same day.

Mohamed El-Erian, Chief Economic Adviser at Allianz, stated that today's movements in the US Treasury yield curve send two signals. The spread between the 2-year and 10-year yields narrowed by about 7 basis points, and the spread between the 2-year and 30-year yields narrowed by about 10 basis points, showing a flattening trend. El-Erian believes this reflects a dual interpretation in the fixed-income market: in the short term, it is a hawkish repricing by the market after Federal Reserve Chair