When will the price of gold fall?
In fact, there is no specific time or date for the rise and fall of gold, because the nature of gold itself is that it can rise and fall, and its rise and fall are influenced by news and technology. For example, the US dollar and oil price are the most direct, because its own futures gold accounts for the largest market in NYMEX- new york futures trading in the United States, and the main gold price is also settled in US dollars, so the rise and fall of the US dollar has a direct impact on the gold price, and secondly, the rise and fall of oil price affects global inflation. Inflation changes the flow of market funds, which is part of economics. I can only explain it briefly. If you want to communicate in detail, I will say it one by one! Recently, the price of gold has been a little soft, because the oil price has fallen from a high level and the dollar has rebounded a little in the short term. Last week, Federal Reserve Chairman Ben Bernanke and Treasury Secretary put forward some policies to make the dollar rebound sharply in the short term. In fact, the trade deficit and inflation in the United States are very serious, as can be seen from the high oil price, so Americans will raise the dollar in the short term to ease the economy, but I think the dollar is also weakening in the afternoon. After all, the American economy is really depressed, and the Middle East oil-producing country. So I think the price of 820-840 gold has a chance to rebound! Although 800 is the market target, it may not arrive, so it depends on the situation and news. The market changes every day. Maybe after tonight, I will change tomorrow. I only use today's news for short-term analysis! thank you