There is a big news in America. Gold soared overnight. Break through the $2,000 mark for the first time. During the year, it soared by 34%, reaching a new high. The novel coronavirus epidemic, the weak dollar and the stimulus measures implemented by global central banks are all pushing up the price of gold. Some experts are still very optimistic about the prospect of gold price. Regarding the reasons for this round of gold price rise, market participants believe that the low interest rate environment and the measures implemented by global central banks have promoted the rise of gold and become one of the best performing assets this year.
After the gold price broke through $2,000, there were some signs that the rally would continue. It is estimated that the price of gold will rise by another 60 dollars. This will attract technology traders to do more in these markets. There is no warning signal for these two precious metals, indicating that the market is about to peak. So there is still a path with low resistance. From a technical point of view, the overall technical advantage of gold futures bulls in June 5438+00 is obvious, which indicates that there is a large room for growth in the short term. It is expected that the price of gold will show an upward trend in two months.
It is also possible that gold has exceeded $2,000 and will continue to rise by 38% in the future. According to market experts, gold has hit record highs due to the following three factors. The epidemic situation in Europe and America has not been controlled for a long time, and the United States has taken a series of unreasonable measures, which is likely to depress the interest rate prospect; Bond yields continue to fall. At the same time, the contradiction between China and the United States has deteriorated recently. The forced withdrawal of the United States from the Embassy in China once again highlighted the problems related to geography and supported the trend of safe haven assets this month.