1On the surface of the news, a phone conversation was held on Thursday regarding the market dispute, which released optimistic and positive signals. Both sides will10The resumption of negotiations in August boosted market sentiment after the disclosure of the news, making the safe haven assets fall back. This is the first reason for the decline of gold!
2From a data perspective, last night's US small non farm data was bearish. After the announcement, the decline in gold intensified, with the lowest point falling to1505dollar/Ounces, with a decrease of over50USD, with a maximum drop of over52The US dollar regained some of its decline, which is the second reason for this round of gold's decline!
3In case of emergencies,COMEXMost Active GoldfuturesContract Beijing Time9month5day21:36-21:38Instant trading within three minutes17117Hand, total contract value exceeds26Billions of dollars, massive selling orders also suppress gold prices, which is the third reason for the decline in gold prices!
4Finally, with most Asian and European stock markets rising overnight, the USstock market indexThe high opening and high moving, as well as the significant easing of the inverted yield of US bonds, have also eased the market's risk aversion sentiment. The demand for safe haven in gold prices has decreased, which is the fourth reason for the decline in gold prices!
Note: Investing in gold carries risks and requires caution when entering the market. This article is for reference only, and investors are advised to invest with caution!!