Li Wanxi:6month23(Thursday)What impact will the outcome of the Brexit referendum have on gold and silver?

Li Wanxi:6month23(Thursday)The outcome of the Brexit referendum will have an impact ongoldWhat impact does silver have?

What is the date of the Brexit referendum in the UK?Thursday(6month23day)The Brexit referendum was officially voted on, followed by Friday Beijing time(6month24day)early morning6The vote was terminated and the results were subsequently announced. At present, the support rate for Brexit and staying in Europe among the domestic population in the UK is beginning to show a stalemate. What is the specific impact on gold and silver prices if the UK withdraws from Europe?If you always earn less and lose more, or even suffer serious losses, being trapped, having no time to analyze the market, not being good at analyzing yourself, and getting tired of those nonsensical but irrelevant guidance and advice. So add Li Wanxi and Weixinjs6486I will be your best choice.

Successful Brexit: The pound will experience a significant decline due to economic uncertainty after Brexit, and the price of the US dollar will rise. When the US dollar rises, gold and silver priced in US dollars fall. However, Brexit from the UK will also trigger an increase in market risk aversion, which will stimulate an increase in gold and silver prices.

　　1.If the flow of safe haven sentiment into precious metal funds is greater than the pressure on gold and silver from the rise of the US dollar, then both gold and silver will rise together with the US dollar.(like2011During the European debt crisis, gold, silver, and US dollars rose together)。

　　2.If the flow of safe haven sentiment into precious metal funds is less than the pressure on gold and silver from the rise of the US dollar, then gold and silver will slightly decline while the US dollar will rise.

　　3.The inflow of safe haven sentiment into precious metal funds is basically equal to the pressure of the rise of the US dollar on gold and silver. Therefore, gold and silver fluctuate, and the technical performance is not affected, while the US dollar rises alone.

Success of UK's stay in Europe: Success in staying in Europe will inevitably increase the rebound of non US currencies, and at the same time, early safe haven funds will also return. At this point, the decline of the US dollar is inevitable, and there are also variables in the trend of gold and silver. The decline of the US dollar will support the rebound of gold and silver, but early safe haven funds may flow out, leading to a decline in precious metals.

　　1.If the outflow of hedging funds in the early stage is greater than the support of the falling US dollar for gold and silver, then gold and silver will slightly decline.

　　2.If the outflow of hedging funds in the early stage is less than the support of the falling US dollar for gold and silver, then the price of gold and silver will rise.

　　3.The initial outflow of safe haven funds is basically equal to the support of the falling US dollar for gold and silver, and at this time, the price of gold and silver remains volatile.

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Overall, Brexit has a direct impact on the pound, euro, and dollar, while it has an indirect impact on gold and silver. On the one hand, through the US dollar/Gold controls the price of precious metals, while on the other hand, it controls the price of precious metals through the inflow and outflow of safe haven funds. At this time, it is necessary to weigh the reactions of the two.