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Jiaxing China Hua Ning Trading Center Jiaxing China Hua Ning Trading Center Investment Hotline Contact Guang Jiaxing China Hua Ning Trading Center Professional Jiaxing China Hua Ning Trading Center Agent Jiaxing China Huaning Trading Center Personal Agent Jiaxing China Hua Ning Commodity Trading Center Company Agent Jiaxing China Hua Ning Ning Commodity Trading Center Professional Guidance Jiaxing China Huaning Trading Center Free Account Opening Since the Federal Reserve interest rate meeting was put on the agenda in mid-month, the U.S. dollar has started to rebound from lows. At a later meeting, the Federal Reserve reiterated its tough rhetoric of raising interest rates within the year, and the financial market was instantly change of weather. The market is flooded with interest rate hike talk, and the probability of a monthly interest rate hike has soared from less than % to nearly %. The negative correlation between gold prices and the US dollar is perfectly displayed. The U.S. index rose sharply by .%, while gold fell sharply by .% over the same period, with no monthly gains.
I believe that most investors did not expect that this unremarkable interest rate meeting would have such a huge impact. And this is unreasonable given the overall weakness in U.S. economic indicators. The trend of the U.S. dollar index in the past five days has well reflected the market's reaction to the U.S. economy and the prospect of interest rate hikes, showing a rise and fall, with a moderate wait-and-see trend. But the trend of gold seems to be incomprehensible. It has fallen sharply for five consecutive days, falling from the US dollar to as low as .
In fact, the market is waiting for a debut, a blockbuster debut. On the big stage where the Federal Reserve sings about raising interest rates, manufacturing and durable orders are small players, and they are capricious. Therefore, the audience is looking forward to the non-farm employment data, the protagonist, to appear on the stage to finally determine whether the Federal Reserve's noisy interest rate hikes are singing to the market. An empty city plan was devised. Therefore, before the non-farm payrolls announcement this week, the market had no intention of betting on gold, and it was not surprising that the price of gold fell inexplicably in five days.
Recently, the price of domestic spot gold jewelry has fallen below the yuan. Jewelry sales continue to be mediocre. People have shown surprisingly rationality and calmness about gold prices. Zhuo Chuang reminded that if the non-agricultural employment performance is poor in the near future, the current gold price is still at the bottom of the stage, which is a good investment intervention position. If the non-agricultural data is good, investors can wait and see for the time being and intervene on dips.
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