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Hunan Weide Investment Hotline
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Gold rose on Tuesday, only falling back when it was blocked during the U.S. trading session. However, the strong rise of the U.S. Index (.,.,.) was blocked at high levels, limiting gold's fall. On Monday, Federal Reserve officials once again stated that they expected to raise interest rates once this year, which aborted gold's rebound during the U.S. trading session that day. Both the daily and hourly charts showed obvious signs of weakening. However, in the end, the upward trend of the U.S. index was blocked and became gold's savior. Moreover, it can be seen from the performance of gold that the market's attention to the speeches of Federal Reserve officials has dropped significantly. Their remarks supporting interest rate hikes cannot continue to affect gold fluctuations. Investors are gradually paying more attention to economic data, which is also what we need to pay attention to. aspect. In addition, the U.S. election also had a certain impact on the gold market, and its uncertainty reflected the safe-haven properties of gold.
The Gold Council estimates that about 100,000 tonnes of gold demand has disappeared this year, in part because jewelers have shut down in protest at the Indian government’s imposition of excise taxes on jewelery made and sold domestically. Jewelry wholesalers in Mumbai say the tax is a headache, with about half of the country's jewelery workers returning home due to store closures before months-long protests began. Many people have not yet returned to work.


Hunan Weide investment hotline
[Manager Zhu’s email address
@
] Bulk sincerely invites agents at all levels to cooperate.