First of all, we should make it clear that the dollar is directly linked to gold. Dollars can be directly exchanged with gold without any intermediary, so we often call dollars dollars dollars. That should be the reason.

Expert: It is predicted that the Federal Reserve will reduce the interest rate to 0% and start the quantitative easing policy again. Experts mentioned: "Powell tried to pretend that this (interest rate cut) was due to concerns about overseas economies, but in fact, the US economy has been pushing the Fed (interest rate cut). This is why last week's interest rate cut was only the first step to return interest rates to zero. It is worth noting that the Federal Reserve made a mistake when it lowered the interest rate to zero last time. If it does this again this time, it will make a bigger mistake. In addition, the Fed will re-implement QE. Not long ago, the Federal Reserve announced the end of quantitative austerity, and the next step will be to return to QE. The strength of the fourth round of QE is expected to be greater than that of the previous three rounds. "

Nicholas Frappell, global general manager of ABC Bullion in Australia, said: "Some people seem to expect a fairly rapid rebound in (gold) prices, but good (US) data and unstoppable policy tightening have so far put gold on the defensive. The recent revision of employment data highlights the upward pressure on US interest rates and the policy choices of the Federal Open Market Committee (FOMC). "

People should be very clear that a trade war is not good for the economy. Therefore, investors believe that sooner or later, the Fed will admit the negative impact of the trade war, which is one of the reasons why people are bullish on gold for a long time.