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Why did gold skyrocket?
On the golden side, the Federal Reserve's maintenance of super loose monetary policy, as well as the US government's multiple economic stimulus bills, have injected a large amount of funds into the market, causing the US dollar to weaken all the way and supporting the strength of gold prices. This week, it will also be announced that the United StatesGDPThe data, Federal Reserve resolutions, and progress of the US economic stimulus plan suggest that the super loose policy is expected to continue, which is beneficial for gold prices.
The recent competition between the world's two largest economies in multiple fields has led to a continuous escalation of the international trade situation and geopolitical friction, and this tense relationship is likely to last for a longer period of time. Gold is favored by global capital due to its functions such as hedging and appreciation, which has supported the price of gold. The COVID-19 has not been effectively controlled, and the confirmed cases of COVID-19 worldwide exceed1600Million cases. Before the COVID-19 is effectively controlled, the global economy is under great pressure, and the global easing tone will remain, which is good for gold bulls.
2.COMEXMost Active GoldfuturesContract in Beijing Time11:03-11:05三分钟内成交量为6768The total value of trading contracts exceeds13亿美元;欲看详细交易量数据请点击金十数据网站底部报价栏最右侧交易量。