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Regarding precious metals investment, the six major banks issued an emergency suspension announcement. What is the actual situation of gold now?
Recently, the trend of gold price in the large gold market has continued to be sluggish. Last Tuesday, the price of gold hit a record low, hitting $65,438 +0.797 per ounce.

1, the lowest in history.

Last Thursday, supported by the Thanksgiving holiday, it once rose by 0.6%, but then fell back. Today, the gold price in London closed at $65,438 +0.809.3, up slightly by 0.07%. Domestically, the Shanghai Gold Exchange recently closed at 378.23 yuan per gram, down 0. 1% on that day, and the main gold futures contract of the Shanghai Futures Exchange closed at 381.1.400 million yuan per gram, up 0.02%.

2. Reasons for the fall of gold price.

The reason for the decline in gold and gold prices is that investors' risk aversion declined before the successful research and development of COVID-19 vaccine, and the expected performance of the oversold US economic data rebounded, which pushed the dollar index to the bottom and suppressed the price of precious metals, that is, after the completion of the US presidential election, it had a certain impact on China's economy. At present, the short-term trend of gold, silver and precious metals has been in the adjustment period of precious metals, which is not optimistic. In addition, the increase before the epidemic was relatively large, and it faced the pressure of profit taking. However, as the Fed continues to implement the loose monetary policy of zero interest rate, from the perspective of next year. Perhaps combined with the past performance of gold, the price of gold will rise.

3. The influence of domestic policies

165438+1On October 27th, ICBC, Agricultural Bank, Bank of China, China Construction Bank, Bank of Communications, China Merchants Bank and six banks in China announced that they would suspend some precious metals business that day. The bank's move is also to reasonably avoid risks, because the global epidemic and the international political situation, that is, the US election, the international situation is unclear, which leads to the continuous fluctuation of precious metal prices at home and abroad, and the market risk is increasing.

Only by holding the money in your hand can you avoid risks better, so the author suggests. Retail investors in the market should. Invest carefully and avoid risks.