Is it a good time to invest in gold with strong US economic data?

Eastern Time4month14On the th, the United States released the latest Brown Book survey report, which showed that the pace of economic activity growth in the United States has accelerated.2At the end of the month4At the beginning of the month, as the United States emerged from the COVID-19 pandemic, consumer spending increased, employment growth rebounded, and economic activity accelerated from "slight growth" to "moderate growth".

4month15On the evening of the day, the United States released retail sales known as "terrorist data", which showed that the United States3Monthly retail sales growth9.8%, much higher than expected（5.9%）And the previous value (determined by-3%Correction to-2.7%）And set a record for last year5The largest increase since the beginning of the month. Another report shows that the United States4month10Record of initial claims for unemployment benefits for the current week57.6Ten thousand people, compared to the previous week's76.9The number of people has significantly decreased, even reaching a record high last year3month14The new low since the current week.

Normally, the US economy performs well,goldThe price will fall. But this time, the gold price did not fall but rose, and it refreshed2New highs since the beginning of the month, with spot gold prices reaching their highest point1769dollar/Ounces level, up by35USD, up approximately1.8%。 Previously, gold prices had been falling, and compared to last year's2075dollar/The ounce high point has plummeted20%about.

Market analysis shows that the rise in geopolitical risks is the main factor driving up the price of safe haven gold.4month15In the early morning of the day, US President Biden imposed new sanctions on the Russian Federation, and the signed law shows that,6month14In the future, Bank of America will be prohibited from purchasing from the Central Bank of Russia, the Ministry of Finance, andFNBBonds issued. In addition, the stock market hit a record high, the US dollar weakened, and the US10The decline in the yield of one-year treasury bond also supported the rise in gold prices.

Is it a good time for ordinary investors to invest in gold as the price of gold shows an upward trend?

Some professional financial analysts believe that the current gold price is relatively low compared to2019The trend of gold prices is closely related to the fluctuations in the economic environment, and gold prices are also affected by economic recovery and global inflation. Therefore, there is room for both an increase and a decrease in gold prices. The fluctuation of gold prices is both an investment opportunity and a risk challenge for investors. At present, the gold price is still in the bottom fluctuating area, and investors should not blindly copy the bottom and can consider buying on dips.

In addition to adapting to the overall environment for gold trading, investors can also try to achieve wealth appreciation through short-term gold operations. The most popular short-term trading product in the gold market is spot gold. The main reason why spot gold is popular is that investors can lower investment barriers and amplify financial returns through margin and trading leverage. Moreover, spot gold uses a two-way trading system, and the short-term fluctuations in gold prices can create a large number of profit opportunities for investors to enter and make orders.

When participating in spot gold trading, investors can also use professional and efficient trading platforms such as Jinrong China to reduce investment difficulty. Jinrong China not only provides investment reference strategies for free, but also offers high discounts and spreads to reduce customer investment costs, especially for novice investors. With Jinrong China, investment profits can be achieved more quickly.

In summary, there are always opportunities to invest and make money in the gold market, and investors need to discover and seize them themselves. However, gold prices are constantly fluctuating, and market conditions are constantly changing. Investors need to be cautious when entering the market and making orders.