Hubei Chutai Commodity Trading Center, Hubei Chutai Commodity Trading Center, Hubei Chutai Commodity Trading Center
It is well known that the changes in international gold and silver prices are closely related to the US dollar
The price of gold and silver is measured in US dollars. Priced
The U.S. dollar and gold and silver are both reserve products. The U.S. dollar rises and gold and silver fall. The U.S. dollar falls and gold and silver rises.
The United States is the cornerstone of the world economy. When the U.S. dollar is down, gold and silver, as hedging products, must be at a high level.
If the Federal Reserve raises interest rates, it will increase the market demand for the U.S. dollar, thus allowing the U.S. dollar to appreciate. Theoretically, the U.S. dollar and gold have a negative correlation. The U.S. dollar falls, gold rises, and the U.S. dollar rises, gold falls.
It is reported that the Federal Reserve holds eight meetings a year as usual. The international gold price showed a trend of rising and falling due to the influence of the US dollar on Monday (June 2). The US dollar made a slight correction and weakened during the Asian session. The gold price reached its highest in Asian afternoon trading. In late trading, the U.S. dollar recovered its losses and gold prices fell back under pressure. In addition, the monthly HB housing market index released overnight was higher than expected, indicating that the housing market remains stable. However, the position level of the world's largest gold increased significantly after a sharp reduction. Last Friday, the position increase increased by more than 1.5 tons, and the position reached . tons, which may give gold some support. Gold opened in early trading in Asia on Monday (Monday). The lowest fell to . and the highest rose to . Closed at . up .%.
Gold and Silver
Gold Gold opened at US$/oz in early trading in the Asian market on Monday (June 1) and then fell to record an intraday low. US$/oz then rose strongly and showed a violent rise in the short term. The European market extended its gains and hit an intraday high. Gold prices turned lower after USD/oz. Gold prices in the U.S. market entered consolidation trading and fluctuated within a narrow range, finally closing at USD/oz.
On the daily chart on Monday, the price of gold once rose above the golden section support level of this rising market. However, due to the strength of the US dollar in the late market, the price of gold gave up its gains and fell back below. However, the price of gold rose again today. Gold If the divided resistance level is maintained, it will be optimistic about the high line to the daily moving average. If it is broken, it will encounter resistance and fall.
Silver's daily chart: Silver prices rose slightly on Monday and returned to the golden section, which has been an important support for this wave of recent gains. However, it was hindered by the daily moving average's failure to continue to expand the room for gains. Silver prices surged again in Asian early trading on Tuesday [International Gold] International spot gold was basically consolidating within a narrow range around the U.S. dollar in early Asian trading on Tuesday (July 2). Initial resistance is at initial support.
Sell stop loss target on rallies.
【International Silver】International spot silver rose slightly to around the US dollar in early Asian trading on Tuesday (June 2). Initial resistance is at... Initial support is at...
Go long stop loss. Target near.
Go short stop loss. Target near.
Chutai Commodity/Hubei Chutai Commodity Trading Center