Earlier, US President Donald Trump criticized the Federal Reserve for further interest rate cuts, which strengthened the expectations of global central banks to further relax monetary policy. The US dollar index once hit a new low of 93.8 in the past two years. At 2 am this Thursday, the Federal Reserve will announce its July interest rate decision, and at 2: 30, Federal Reserve Chairman Powell will hold a press conference. In addition, the US Congress will have a heated debate on the 1 trillion-dollar fiscal stimulus plan, and the progress related to the global epidemic should also be concerned.
Extended data:
Gold and silver positions soared to catch up with the dollar.
With the advent of global interest rate cuts, gold and silver ETFs continue to increase their positions, and investment sentiment is strong. 27 central banks around the world continue to buy gold on a large scale. It is worth mentioning that the buying of central banks has also increased the further support for the rise of gold prices.
Throughout the world, many factors have brought huge profits to gold. Dozens of central banks have significantly increased their holdings of gold, indirectly indicating that the dollar has been gradually abandoned. Countries have begun to replace the dollar with gold. The gold bull market officially opened, and the operation continued to maintain a long-term thinking. The price of gold is expected to reach $2,000 an ounce.
After the gold price broke through the historical high point, it opened up the upside, and there was no pressure above, only the psychological pressure of the integer mark. Thursday's interest rate decision may be the key to the turning point in the market, but it may not change the upward trend, and gold will continue to rise in the afternoon.
The strong rise in the price of gold is not unstoppable. Europe 1928-30 area can continue to enter the market. The upper target first looks at the pressure of 1945, and continues to rise after the breakthrough. At present, look at the $2,000/ounce mark.
Oriental Fortune Network-Gold prices hit a record high, and the market outlook is bullish to 2000?