Learn to pay attention to exchange rate fluctuations
The trend of international gold prices is generally opposite to the exchange rate of the US dollar. When the US dollar depreciates, the price of gold often rises. When the domestic currency appreciates, people can purchase cheaper gold goods from abroad. Because the domestic price of international gold remains unchanged or falls, it does not mean that the value of international gold itself will correspondingly decrease. It may be the result of a change in the exchange rate between local and foreign currencies. Therefore, investing in international gold requires a certain level of foreign exchange knowledge, otherwise do not invest heavily in gold.
One collaboration, lifelong friend! The above article is from the original work of Wei Liangchen. Investment carries risks, and caution is necessary when entering the industry.