information

Administration), referred to as EIA, belongs to the US Department of Energy. Traders in the spot crude oil market, official institutions and international authoritative energy consulting institutions all use EIA inventory data.

. The data is released once a week at 22:30 on Wednesday (23:30 in winter), which mainly shows the crude oil inventory in the United States that week, and has a great impact on asphalt and crude oil products (fuel oil, diesel oil, etc.). ). The oil market, foreign exchange market and precious metal market will all have certain influences.

To say how big the impact on gold is, in fact, the impact is indirect, not very big, and gold is mainly a hedge. If EIA inventory declines, it means that the decrease in supply will lead to an increase in oil prices, which will affect the trend of the US dollar in the short term, because oil prices are settled in US dollars, which is relative. The rise in oil prices is not good for the dollar, and the same decline in the dollar is good for gold. Therefore, if EIA inventory declines, it will stimulate gold to rebound slightly.

However, the actual situation is not as simple as everyone thinks. The trend of gold has little impact on EIA inventory, because history has proved that every time EIA inventory declines, gold will not rise sharply. It can only be said that the normal logical analysis of inventory is relevant, but the actual market trend is not very relevant.

If you invest in crude oil futures, EIA inventory is very important, and this data has a great impact on crude oil futures in the short term. The dollar has a great influence on the trend of gold and the rise and fall of the whole international stock market. If the stock market is not ideal, generally safe-haven gold is easily flooded by buying.