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Introduction to the event
Recently, the price of gold has reached new highs in the international market, showing strong upward momentum.
As of April 5, 2024, the main COMEX gold futures contract closed up 1.6% at $2,349.1 per ounce, reaching an intraday high of $2,350 per ounce, once again setting a new all-time high.
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This price surge is not just a simple reaction to market volatility, but the result of a combination of factors, including increased global economic uncertainty, strong central bank demand for gold, and a relative decline in the value of the US dollar.
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At the same time, the dollar's status as the world's main reserve currency appears to be being challenged, and gold's traditional association with the dollar seems to be gradually decoupling.
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They are discussing whether gold is still a good place to invest and what the price of gold will look like in the future.
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As soon as the topic was posted on the Internet, the comment area instantly exploded! Tens of thousands of comments flocked in, and some of these netizens' comments were even more interesting and interesting, let's take a look
Is there a possibility that the three are not related anymore, or that the rise of one of them is an illusion!
There are many things that have not been seen, and the northern copper industry rose to 89 in May
Netizen: It would be as simple as dreaming about stocks
The U.S. dollar can be printed, and oil and gold are non-renewable resources. This is the fundamental essential difference
The U.S. dollar is losing its attributes as the world's currency, and gold is the real world's currency
Netizen: In fact, the situation is unstable, all aspects of credit are lacking and collapsing, and all parties are looking for safe-haven investment
The United States has $4.6 trillion in revenues and $6.4 trillion in expenditures
There is only one indication that the dollar is eroding the pricing power of oil
Netizen: This is a question of the direction of the global liquidity fund. There is also the unstable international environment
Event recap
Since November 2022, the rally in gold prices in the international market has continued to strengthen, and by April 2024, the cumulative increase in the main COMEX gold futures contract reached 42.28%.
The increase for the whole of 2023 is 13.21%, compared to about 13.38% for just four months in 2024. This continued upward momentum shows strong momentum in the gold market.
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At the same time, domestic and foreign gold brands, such as Chow Tai Fook and Luk Fook Jewellery, have also raised the price of gold jewellery, which has reached an all-time high of 718 yuan/gram as of April 6.
On the one hand, some analysts believe that gold, as a traditional safe-haven asset, still has room to rise in the future in the context of increased global economic uncertainty and the increase in gold reserves by the central bank.
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For example, JPMorgan Chase predicts that the price of gold could reach $2,500 an ounce. On the other hand, there is also a view that the rapid rise in gold prices may be overshoot and may face pullback pressure in the short term.
The soaring price of gold and its gradual decoupling from the US dollar reflects profound changes in the global economy and financial markets.
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They recommend that investors should take these changes into account when investing in gold, while paying attention to the macro trends of the global economy and central bank policies.
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In addition, for the attributes of gold as a traditional safe-haven asset, investors should allocate it reasonably to hedge potential market risks.
For the general public, gold's soaring price may represent an investment opportunity, but it also brings with it a higher investment risk.
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Many people are cautious about whether they should invest in gold, and they are concerned about how to preserve and increase its value while avoiding potential investment risks. It is more based on the prediction of the future economic situation and the assessment of personal financial situation.
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conclusion
What do you think about the continued surge in gold prices and the gradual decoupling of the US dollar, and do you think it is wise to invest in gold now or is there a greater risk?
Feel free to leave a comment below to share your views and investment experience, and let's discuss the future trend of gold and the US dollar.
#持续飞涨的黄金和逐渐脱钩的美元#
#挑战30天在头条写日记#
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