The gold market may usher in a significant drop
Gold has always been one of the important precious metals that have attracted much attention from investors. The price fluctuations are not only affected by the relationship between market supply and demand, but also affected by various factors such as the macroeconomic situation and geopolitical risks.Recently, there are signs that the gold market may usher in a sharp fall.
Global economic recovery brings pressure
With the gradual control of the global epidemic, the economies of various countries have gradually recovered.This recovery momentum makes investors more inclined to invest in risk assets, and no longer seek risk -free assets as early as the early stage of the epidemic.This mentality change may lead to a reduction in gold demand and have a negative impact on its price.
The Federal Reserve ’s interest rate hike expects to rise
With the continuous development of the US economy, the market is beginning to expected that the Fed may implement the interest rate hike policy in advance to suppress inflation.Once the expected heating up rate hikes will lead to an increase in bond yields and pushing the US dollar exchange rate. In this case, the attractiveness of gold as a hedging tool may weaken.
Geopolical tensions alleviate
Recently, some geopolitical tensions have shown signs of relief, such as relaxation of Sino -US trade frictions, and progress in negotiations between Iran's nuclear issues.These factors have enhanced the overall risk preferences of the market and reduced their demand for safe -haven assets.In this context, the price of gold is facing downward pressure.
Technical signal display short trends
From the perspective of technical analysis, the gold price trend has shown obvious short trends in the past period.For example, signals such as short -term moving average dead forks and MACD indicators show negative cross -crossing indicates that the market atmosphere is biased to see the direction of the drop.If these technical signals continue to exist and strengthen, it is likely to cause a large -scale decline.
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