Xinhua Shanghai Precious Metals Spot Platform Investment and Financial Management Investment Promotion

Xinhua Shanghai Precious Metals Trading Center, Asphalt Silver Copper Platinum, Telephone Recruitment Member Agent Account Opening Investment High Rebates In April, the U.S. Federal Open Market Committee will release the minutes of its monthly meeting, which will pose new challenges to gold.
HSBC said in a report that international spot gold continued its downward trend last week after Trump was elected President of the United States. The price of gold rose for only one day, with an average daily decline. The lowest point has hit a two-and-a-half-month low of US$/ounce. Gold prices are close to the first line. Contrary to gold's decline, the U.S. dollar has surged this week, and the U.S. dollar index has hit a year-high high. The strengthening of the U.S. dollar has put great pressure on gold.
HSBC said in a report that international spot gold continued its downward trend last week after Trump was elected President of the United States. The price of gold rose for only one day, with an average daily decline. The lowest point has hit a two-and-a-half-month low of US$/ounce. Gold prices are close to the first line. Contrary to gold's decline, the U.S. dollar has surged this week, and the U.S. dollar index has hit a year-high high. The strengthening of the U.S. dollar has put great pressure on gold.
While gold has recently come under pressure from a rising U.S. dollar and expectations of a Federal Reserve interest rate hike next month, a number of factors remain supportive of prices. But in the short term, selling momentum may also push gold below the dollar per ounce, HSBC said in a report released on Friday.
On Monday, HSBC changed its previous statement and believed that gold still has rising factors this week, including demand from emerging markets and the occurrence of many uncertain events.
HSBC expects the recent sharp drop in gold prices to be a buffer, not a reversal. Gold benefits more from uncertainty and safe-haven buying. This driver comes more from politics or financial markets, and it is impossible to predict whether it will trigger uncertainty and risk aversion.
HSBC emphasized in the report that the speech of European Central Bank President Draghi on Tuesday and the minutes of the U.S. Federal Open Market Open Committee's monthly meeting on Thursday, March will pose new challenges to gold.
In addition, the German Finance Minister will conduct tough negotiations on Brexit, which may increase the complexity of Brexit. Italy's referendum on the constitution will also be held next month, and there are also unknowns about Trump's administration now. If these events unfold, they will push gold higher, HSBC noted.
Gold traders and analysts have widely differing opinions on the trend of gold prices next week as gold prices hold steady near monthly lows after a plunge, according to the latest Bloomberg survey released on Friday. This follows two consecutive weeks of bullish gains.
The survey shows that among the gold traders and analysts surveyed, some are bullish, some are bearish, and some are bearish.
Xinhua Shanghai Precious Metals National Investment Promotion is hosted by the Agricultural Bank of China. The investment hotline welcomes friends from inside and outside the industry to consult.