Han Chumo: Oh my, not bad—— Multiple factors contribute to the rise of gold prices

　　goldNot only are products favored by investors, but various factors are helping gold prices rise. Below, Chu Mo will give you an example to illustrate:





　　1、 Asian demand


Last week, international spot gold reversed its recent slump this week, rising in three days and falling in two days, with gold prices breaking through200The significant resistance level of the daily moving average has recorded a weekly increase for the first time in four weeks. This week, demand from Asia, including China and India, as well as demand from listed trading funds, helped gold prices rise.




　2、 US General Election


The financial markets have been waiting for the results of the US presidential election. Gold Price WebsiteGoldForecaster.comJulian Phillips, the founder and writer of, believes that regardless of the outcome of the US presidential election, gold and silver prices are likely to rise. It believes that if Trump is elected, it will bring uncertainty and trade protectionism; If Hillary is elected, it will mean that the newly elected US government will continue to rely on the Federal Reserve and the Treasury to support the US economic recovery, but they have all fallen into a state of "poorly equipped equipment, making it difficult to take further action.".


Despite the rise in the US dollar exchange rate last week, the uncertainty brought about by the upcoming US presidential election and the next rate hike by the Federal Reserve has helped to enhance the investment attractiveness of gold. In addition, the European Central Bank's decision to maintain benchmark interest rates and the scale of its quantitative easing program has led to a strong rise in the US dollar last Friday, particularly against the euro. The intercontinental exchange dollar index, which tracks the exchange rate movements of the US dollar against six major international currencies, rose last Friday0.5%about.




　　3、 US dollar index


This week, investors will closely monitor the US core durable goods order data andGDPThe month on month change of data. These two pieces of data are very interesting, especially when it comes to gold prices. The US dollar index may experience significant fluctuations, and if these data perform strongly, the index may experience profit taking.




　4、 Global credit risk concerns


Gold traderAnthem VaultCEO Anselm Blanchard predicts that gold prices will rise before the end of the year due to "global credit risk concerns remaining at extremely high levels," and states that gold prices will touch by the end of the year1400dollar/ounce.




　　5、 Physical gold demand in Asia


Recent data shows that physical gold demand in Asia is beginning to recover, which will become another supporting factor for the rise of gold. According to analysts from Deutsche Bank, demand in India is expected to remain strong as India celebrates the two most important Hindu festivals at the end of this month, during which gold is typically given as a gift.




Han Chumo's message: I am willing to help those who trust me. Trust is the origin of all cooperation. If we cooperate with a skeptical attitude, then such cooperation is not long-lasting. Profit is definitely not a one-time win or loss, and making money is definitely not a one-time game. When you are willing to let go of your past thinking, when you are willing to let go of the halo of the past, hold the hand of our cooperation with a zero mentality. Even if you close your eyes, I will definitely not let you get lost! [To learn more, please follow the author's Sina blog on Baidu Han Chumo]