Everyone must always keep it in mind.
If you study the Federal Reserve, you will find that they really have many subtle relations with the trend of the dollar and gold in many cases.
Gold and the dollar have gone up and down.
As we all know, although gold is no longer a currency, gold and the US dollar are still the most important reserve assets of all countries. The gold reserves of developed countries such as the United States, Germany, France and Italy are all above 60%. In recent years, the central banks of developing countries such as China and South Korea have also started to buy large quantities of gold under various complicated circumstances. Since both are important foreign exchange reserves, if the price of the US dollar rises, everyone may give up gold, an asset that needs to pay a high safekeeping fee but does not receive any interest, and hold the US dollar instead, and the price of gold will fall. Historically, after the 1980s, the establishment of the Wall Street-dollar system re-established the hegemonic position of the dollar in the world. The American economy has also entered a long-term benign development with low inflation and high growth. The price of the dollar is rising, and central banks around the world are selling gold in succession. The price of gold has fallen for 20 years.
If the American world, which supports dollar credit, lets the world down, people will buy gold, the only monetary metal independent of any country's credit, and the price of gold will rise. 20 1 1 At the beginning of August, because of raising the debt ceiling, the United States suffered a historic decline in its sovereign credit rating, which had an impact on the US dollar. The international gold price broke through 1700 USD/oz, and stood at the highland of 1800 USD/oz on August 8, and climbed to 65,430 USD/oz in one fell swoop a few days later. The deepening of the sovereign debt crisis in the United States has made gold prices triumph all the way! Since the relationship between the US dollar and gold was established in the Bretton Woods system, the relationship between the US dollar and gold in gold and the dollar can be said to run through.
Therefore, gold cannot continue to rise for several years.
Similarly, it is impossible for the dollar to keep falling so tepidly in the short term.
So is gold. Short-term gold still needs everyone to sing.
If you are a novice, I suggest you apply for a simulation, or take a look at the foreign exchange gold knowledge college and learn it first.