2016 Year 7 Moon 26 On the day, during the China International Gold Conference, the China Gold Association released the “China Gold Yearbook.” 2016 》、《Global Platinum Group Metals Yearbook（ 2016 )》, “Global Silver Yearbook ( 2016 )》Release event.

　　China Gold Yearbook 2016 》A detailed analysis of the current state and future development trends of the annual gold industry chain, comprehensively reflecting... 2015 The current status, achievements, and challenges of China’s gold industry. As of... 2015 This year, China has identified resource reserves as: 11563.46 Ton, continuous 12 It ranks second globally in annual [something]. 2015 Annual gold production and 2014 Annual figures remained roughly stable, continuously. 9 Ranked first in the world annually, 2015 Annual gold production 450.05 Ton, is 2015 The world's only gold producer with annual output exceeding... 400 tonnes of gold, accounting for the global gold production. 14.02% 。

　　It is understood that, 2015 Year, China's comprehensive gold production cost 192.78 Yuan / K, than 2014 of the year 197.54 Yuan / Gram, reduce 4.76 Yuan / K, decreased. 2.41% This fully reflects the effectiveness achieved by enterprises in controlling production costs. Following... 2013、2014 After two consecutive years of declining total profits for key enterprises in the gold industry, 2015 The total profit for the year showed a further decline, from... 2014 of the year 113.639 It dropped to hundreds of millions of yuan. 85.936 100 million yuan, with a decline as high as 24.38% The gold price continues to trade at a low level. 2015 The main reason for the decline in profitability of the gold industry this year.

　　The scaled-up operation in the gold industry continues to advance steadily. China National Gold Corporation, Zijin Mining Group Co., Ltd., and Shandong Gold Group Co., Ltd. have all entered the global top ranks in gold production. 20 Name, listed separately 12 Name, 16 Name and 17 Name. 2015 Year, the Shanghai Gold Exchange recorded a total cumulative trading volume for all gold products of— 3.41 Ten thousand tons, up year-on-year 89.58% is the world’s largest physical gold trading market; the Shanghai Futures Exchange’s gold futures contracts have accumulated a total trading volume of... 5.06 Ten thousand tons, up year-on-year 6.08% , with trading volume ranking second globally. Over-the-counter gold trading by commercial banks ( Over-the-counter ) 0.659 Tens of thousands of tons. The gold market is booming, with physical trading volumes, consumption levels, and import volumes continuing to rank first globally. China has now become an emerging international hub for gold logistics.

　　Additionally, the Global Platinum Group Metals Yearbook ( 2016 )》, “Global Silver Yearbook ( 2016 ) The two reports provide comprehensive historical statistical data on the global supply and demand of silver, platinum, and palladium, as well as forecasts for... 2016 A detailed forecast of the platinum and palladium market trends for the year.

　　In recent years, the prices of platinum and palladium have remained low, but this downward trend has now reversed. Since the beginning of this year, both platinum and palladium prices have risen sharply, with each showing significant gains compared to... 1 The monthly low has risen by more than one-third, and platinum and palladium prices are expected to continue climbing in the second half of the year, with projections for them to reach the following levels before the end of the year: 1200 U.S. dollar / Ounce and 750 U.S. dollar / The high point in ounces. From a demand perspective, global automobile production—especially in China—continues to grow, which should allay many investors’ concerns about declining demand for platinum and palladium. However, supply of both platinum and palladium remains ample, and it is unlikely that the market will face severe supply shortages in the near to medium term. Therefore, although the supply-demand dynamic may provide some support for platinum and palladium prices, it won’t be sufficient to drive prices significantly higher. As a result, the upside potential for platinum and palladium prices over the coming months will be quite limited. So far this year, investor demand for gold has risen markedly; by contrast, the primary driver behind the rise in platinum and palladium prices has been merely short-covering.

　　Regarding trends in the silver market, the global yearbook indicates that silver prices have followed a similar pattern to platinum and palladium. The fundamental supply-and-demand dynamics for silver remain relatively favorable, though to a rather limited extent. Total supply is expected to decline. 1% However, the impact on silver prices should be minimal. So far this year, silver prices have risen by as much as... 16% The second half of the year is expected to continue its upward trend, although the magnitude of the increase may narrow. We remain optimistic about silver prices in the second half, as trading activity in the silver market continues to pick up. Forecast: 4 The quarterly average silver price will rise above. 17 U.S. dollar / The ounce could rise to its annual high by year-end. —19.20 U.S. dollar / Ounce. But given the large amount this year... “ Hot money ” Once it flows into the silver market, the silver price trend will not be smooth sailing. 5 At the beginning of the month, total long positions in silver futures on the New York Mercantile Exchange rose to a record high and have since remained at elevated levels. However, recently, longs have begun reducing their positions, and it’s highly likely that substantial selling will soon follow. Forecast. 2016 Annual demand for silver manufacturing will also only increase. 1% If investment demand is excluded, silver supply still exceeds demand. The pullback in silver prices should be limited and is likely to be only temporary.