1. What is CRB index?
CRB index is a futures price index compiled by the US Bureau of Commodity Investigation according to the prices of 22 basic economically sensitive commodities in the world market. Today, Tonghui International Bianxiao takes you to understand the role of CRB index in gold investment.
Second, what is the function of CRB index?
RB index is widely used to observe and analyze the price fluctuation and macroeconomic fluctuation of commodity market, which can reveal the future trend of macroeconomics to some extent. It can better reflect the changes of producer price index (PPI) and consumer price index (CPI). The price of gold is not only affected by the current economic situation, but also the index changes of PPI and CPI may lead to the rise and fall of the dollar, which will eventually lead to the fluctuation of the price of gold, which will help investors to predict the trend of gold more accurately. In the CRB index, the commodities covered are all commodities of raw materials; The commodity nature of gold determines that its price will be affected by crude oil, steel and other commodities. Therefore, paying attention to CRB index will help investors to improve the accuracy of judging the market.
Third, how is the CRB index constituted?
The composition of CRB index is not invariable, but has undergone 10 important revisions. Following the 9th revision of 1995, in 2005, Reuters cooperated with JF Fieries Financial Products Company, a subsidiary of JF Fieries Group, and revised the CRB index for the 9th time 10. The modified CRB index is not only renamed as RJ/CRB index, but also the varieties covered by the index are increased from 17 to 19. Platinum was removed before, and three varieties of unleaded gasoline, aluminum and nickel were added. The previous CRB indexes, including 17 varieties, have the same weight, all of which are117. The new CRB index has different weights.