Qingdao International Nonferrous Member Platform Investment Promotion

Qingdao International Nonferrous Metals Trading Center, phone QQ: recruiting members, agents, account opening, investment, high rebates Qingdao International Platform Information: Spot gold continued to fall on Wednesday (June 2), with the lowest in the US market hitting .USD/oz. The dollar rose to a year high against a basket of currencies, extending nearly a week of gains driven by a rise in U.S. Treasury yields after Trump was elected president. Since Trump was elected President of the United States last Wednesday, gold has fallen sharply after a brief rebound, falling more than the U.S. dollar due to rising bond yields and the return of risk sentiment. Major banks and investors are beginning to debate the direction of the dollar/euro, with the greenback being favorably supported by expectations that a Trump administration will increase inflation in the future. Analysts believe the most important thing we see for gold is an appreciation of the U.S. dollar. It's an old game, as the dollar rises, the price of gold weakens because gold is an alternative currency. At the same time, Treasury bonds also rose by 1 basis point, which is detrimental to gold as a non-interest-bearing asset. Investors on Wednesday began resuming selling bonds and buying stocks after the U.S. election, albeit less aggressively. Gold is also under pressure from expectations of a rate hike by the Federal Reserve, which has now entered the stage of its second rate hike in recent years. It would take a particularly surprising reason for the Fed not to raise interest rates this month, Fed official Bullard said at Wednesday's meeting.
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