Because gold has a certain value preservation function, its value is fixed, and the global gold spot and gold futures are denominated in US dollars. The appreciation of the dollar means that the same dollar can buy more gold, but the same gold can sell less dollars, so when the dollar appreciates, the price of gold will fall.

When the dollar depreciates, the same amount of dollars can buy less gold, while the same amount of gold can be sold to get more dollars, so when the dollar depreciates, the price of gold will rise.

What do you mean by RMB appreciation?

The appreciation of RMB means that RMB can be exchanged for more currencies of other countries than before, which means that the purchasing power of RMB relative to other currencies has increased. For example, in the past, China residents needed 7 yuan RMB exchange 1 USD, but now China residents only need 6.8 yuan RMB exchange 1 USD.

The appreciation of RMB means that the price of goods denominated in foreign currency will indirectly fall, people can buy more foreign goods with RMB, it will be cheaper to travel abroad and study abroad, and the economic pressure will be reduced. At the same time, the impact of RMB appreciation on export enterprises and overseas direct investment will eventually be reflected in employment. Because most of our export products are labor-intensive products, blocked exports will inevitably increase the employment pressure, that is, the employment pressure of ordinary people.