The appreciation of the dollar generally means that the domestic economic situation in the United States is good. At this time, domestic stocks and bonds in the United States will be favored by investors, which will weaken the position of gold as a reserve and preservation to some extent.
However, the decline of the US dollar exchange rate is often accompanied by inflation and the stock market downturn. At this time, the value-preserving function of gold is reflected. Because the international gold price is denominated in dollars, there is usually a reverse interaction between the rise of dollars and the fall of gold, and between the fall of dollars and the rise of gold.
2. Monetary policy
When a country adopts a loose monetary policy, due to the reduction of interest rates, the country's money supply increases, which increases the possibility of inflation and will push up the price of gold.
Extended data:
Trend cycle:
Although the gold market is a 24-hour trading, there are still some skills in the choice of trading time. We can analyze the future gold price trend chart of 20 13 and all the gold price trends from 1999 to 20 13. Here are some trading experiences.
London market: London is an old financial center in the world, and banks in various countries are used to starting large-scale transactions after the opening of the London foreign exchange market. Therefore, the daily fluctuation of the global foreign exchange market began to intensify with its opening.
The opportunities for individual investors will gradually increase during this period. Factors such as the European Central Bank's interest rate decision, Germany's IFO prosperity index, the GDP of the euro zone countries, and the consumer price index of the euro zone countries will also play a role in fueling the situation.
New york market: As the US stock market is the largest capital flow center in the world, new york foreign exchange market is also the most active foreign exchange trading market in the world.
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