Let's take the trend of the US dollar as an example. Gold is generally used as a reserve currency as a substitute for the dollar, and the prices of the two are in reverse motion. In other words, when the dollar strengthens, the room for appreciation of the dollar will increase, and then the price of gold will often fall. If the dollar depreciates, it means that the price of gold will rise.
This price is the dollar price per ounce of gold. The rise in the price of gold will affect the currency prices of some countries. There are many factors that affect the price of gold, such as: international politics, economic exchange market, interest rates and monetary policies of major European and American countries, the increase or decrease of gold reserves of central banks, the increase or decrease of gold mining costs, the increase or decrease of jewelry gold, etc. According to these factors, investors can make a relatively basic judgment and grasp of the trend of gold prices. Das Kapital: "Money is gold and silver, and gold and silver are not money", which explains the investment attribute of gold. Gold has long concentrated all its resources in the gold and stock index CFD trading industry of FXCM global gold trading platform. The monthly turnover of gold investment is as high as $30 billion, which shows that it is an independent resource. Gold investment is the most commonly used product for investment preservation and two-way trading in the world, and speculative gold can also simulate trading, so there are many different types of investment gold in the investment market.
Investment and financial management are not guaranteed, and of course gold is the same, similar to stocks. Therefore, foreign exchange and gold trading are financial management after all, and basic knowledge is still needed. Moreover, not all foreign exchange and gold trading companies can choose, and not all investments can be profitable. So the preparation of basic knowledge is very important. The GOLD code is generally XAUUSD or gold. Introduction to gold investment is an investment behavior, and the price of gold is an auxiliary indicator to judge the trend of gold.
The currency symbol of GOLD, the gold code is generally XAUUSD or Gold, which are all international practices. Currency symbol gold, you need to know which currency pair to fry first. What if the currency pairs are all in English? Here are some symbols. The basic knowledge of gold speculation can also be applied to FXCM gold exchange. Com to simulate or watch videos, or learn about the gold symbol and its exchange rate. Earn profits according to the increase or decrease of exchange rate ratio.