Zhongruida spot investment

Zhongruida Trading Center, silver, copper, asphalt, natural gas, phone QQ: recruiting members, agents, account opening, investment, high commission Zhongruida platform information International spot gold continued to fall on Wednesday (Month), with the lowest price in the US market It fell to .USD/oz, with gold prices languishing. The dollar rose to a year high against a basket of currencies, extending a nearly week-long run of gains driven by a rise in U.S. Treasury yields following Trump's election as 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. The U.S. data released during the day was softer than expected, showing that inflationary pressures remained mild. Industrial output in the month was the same as the previous month, and the performance was worse than expected. But the data's support for gold is not obvious.
The U.S. dollar continued to rise on Wednesday. As of press time, the U.S. dollar index rose by .% and reported at . U.S. stocks were mixed on Wednesday, with the Dow Jones Industrial Average down, at 3.00 points, the S&P down 0.5%, and the Nasdaq Composite Index up 0.5%, at 0.30%. Crude oil rose on Wednesday, with the U.S. oil index rising .% to $.USD/barrel and the Brent oil index rising .% to $.USD/barrel.
At present, the main pressure for gold to continue to fall still comes from the appreciation of the US dollar. Analysts say that this is an old routine. When the US dollar appreciates, the price of gold will weaken, because gold is another alternative currency. In addition, rising U.S. Treasury yields are also negative for gold because gold is a non-interest-bearing asset. Gold has also come under pressure from expectations of an interest rate hike by the Federal Reserve, which has entered its second rate hike phase in recent years. Federal Reserve official Bullard said on Wednesday that the Fed would need a particularly unexpected reason for not raising interest rates this month. In other words, as long as there are no major black swan events in the market, there is no doubt about raising interest rates. In terms of physical gold, investors' interest in gold has weakened. Gold stocks, the world's largest gold stock, reduced their positions from . tons to . tons on Tuesday, which was a low in one and a half months. In the main physical gold consumption market, some Indian gold traders have reduced orders for short-term imports due to concerns that Prime Minister Narendra Modi will block overseas purchases of gold after he abolishes large-denomination banknotes in the fight against black money.
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