Current location - Trademark Inquiry Complete Network - Futures platform - What is the impact of Greece's failure to launch the euro zone on gold and silver?
What is the impact of Greece's failure to launch the euro zone on gold and silver?
First of all, the impact on gold is definitely greater than that on silver. Because gold is generally the first choice for safe-haven funds. There is a strong link between the price of gold and the dollar. Funds all over the world prefer to hold these two products. Generally speaking, the dollar index falls, the gold price rises, and vice versa, but there are exceptions. So far, it's all special circumstances. The dollar has been appreciating, but so has Jin Lun.

Secondly, the news that Greece will not retreat will have a short-term impact on the price of gold. Greece will not leave the euro zone for the time being. The first reaction of the market is that Greece's failure to leave the euro zone will have a bullish effect on the price of gold, and the disk will open higher. However, you will soon find that the intraday decline will be consolidated. Because the stimulus is short-lived, people will still think about the future. The persistence of Greece is like a cancer. The whole euro zone is under great economic pressure, the overall economic situation is not optimistic, and everyone's willingness to invest will be much less. The influence of gold price is various, and it is mainly influenced by American economy, countries' reserve willingness and consumption.