Gold has always been a "talisman" in people's hearts. Recently, the rocketing rise in the price of gold and the dollar no longer seem to be a family. In the past, everyone knew that these two were a pair of enemies - one went up, and the other had to fall.
Now, this old love seems to be quietly untiring. The light of gold is getting brighter, while the halo of the dollar seems to be starting to dim. What the hell is going on? Look down and uncover the secrets between them.
Gold has been everyone's first choice for hedging since ancient times. Whenever there is a little turmoil in the world, such as political instability, economic turmoil, or a global epidemic like the recent one, everyone's first reaction is to grab some gold and hide it.
Gold is a safe haven in times of panic, and during this time, the price of gold is like a rocket, rushing straight up. The global economic clouds, you see that in recent years, the global economy is indescribable, coupled with geopolitical tensions, how can there be no reason not to fluctuate?
This wave of uncertainty has made investors tremble. Those bigwigs with money in their hands, as soon as they saw the situation, quickly looked for gold to support them, which was the first axe to increase the demand for gold.
Since the beginning of the pandemic, the global economy has walked into a long tunnel, and there is still no certainty about where the exit is. The pace of economic recovery is heavy, like a snail race.
None of this happens overnight. Every fluctuation in the market has its complex logic behind it. Just like a jigsaw puzzle, every little piece of the puzzle can be the key to the big picture.
The rise of gold, the fall of grace of the dollar, this is just a small piece of the puzzle, and only when all the pieces of the puzzle are put together can we see the full picture.
The story of the market is always like this, full of variables and uncertainties. Every actor plays his or her part on this big stage, gold and dollars, and as for the final outcome, it depends on how they interpret the play.
It's like a war without gunpowder, and every action in the market may cause a wave. The rise of gold and the movement of the dollar are two important battlegrounds in this war. Investors are carefully making their own layouts around these two battlefields.