The price of gold may not skyrocket forever, and the price of gold jewelry exceeds 700 grams, should we buy or sell?
Over the past few months, we have watched the global gold price continue to hit new highs, literally at an all-time high every day. Of course, there is nothing in this world that only rises forever and does not fall, even if it is gold, it has to have a pullback.
For example, in the last two days, the international gold price plummeted, falling more than 2% in one day, and the price of jewelry fell by 10 yuan and 15 yuan a day, of course, not only the price of gold plummeted, but also the price of silver, especially silver has risen a little sharply in the past two days, some people say that the rise of silver has exceeded that of gold, so the higher you climb, the faster it falls, and the price of silver has fallen by more than 4% in the past two days.
On the one hand, it is indeed because the price of gold has risen too outrageously in the past few months, and has lost its carrying capacity, and a large number of consumers and investors are honestly afraid to buy, why? When the price of gold rises in an orderly manner, everyone thinks that I save some gold in the future for emergencies, which is a safe-haven fund, but when the price of gold continues to hit a peak, many people are really afraid to buy, they are really afraid to buy at the top, so the price of gold will have a certain pullback, which is normal.
On the other hand, do you feel that the global situation has been relatively stable in recent times, since the beginning of April, Israel and Iran have wanted to retaliate against each other, but we have seen that after the thunder and rain were small, and 99% of Iran's drones and missiles were intercepted, Iran actually withdrew its troops, and said that as long as Israel stops beating me, I will not retaliate.
The Israeli side held back for several days, fired a few missiles, and said that I had taken revenge on Iran, but the Iranian side said that no one retaliated against me, and everyone saw that they did not, and they probably didn't dare to fight now, and they both felt that the world could not withstand another big war, so they were only willing to talk about it, and they were only willing to behave toughly on the surface, but it was okay to throw a few missiles.
Therefore, the whole world has realized that it seems that the Middle East cannot fight for the time being, so the world is a little more stable, and the price of gold can fall back a little. But whether the price of gold will enter a downward channel in the future, I think it is difficult.
Today, it is not only the people who are grabbing gold, but also the global central banks, the mainland central bank has been increasing its gold holdings for 17 consecutive months, and it is not only the security factors that affect the price of gold, but also the US dollar and US bonds are also affecting the price of gold. Many economic experts say that why the price of gold is soaring? is that the world is losing confidence in the dollar and US Treasuries, so people are turning to gold.
In this state, I think the price correction of gold may only be temporary, and the future upward channel is uncertain for a long time. The current price decline is to give us the opportunity to cover the position and get on the car, so do you feel that the price of gold is high to this state, do you dare to buy it now?