The dollar and gold generally interact in reverse, that is, the dollar rises and the gold price falls; When the dollar falls, the price of gold will rise. "Bush's re-election makes people continue to be pessimistic about the US economy next year. Major credit currencies, led by the US dollar, weakened as a whole. The weakness of credit currency indirectly makes gold the hardest' quasi-currency'. As demand rises, its price will naturally rise. " She said.
Secondly, the rapid spread of inflation around the world has also accelerated the rise of international gold prices. Ruthless inflation embezzled the wealth of asset owners in a fleeting way, and the resulting price risk immediately stimulated investors' "safe haven" demand, making them pay more attention to gold. Moreover, for central banks, it is also the best choice to rationally adjust the structure of foreign exchange reserves and focus on gold reserves. "From a perspective, the price of gold will also enter the upward channel."
In addition, the instability of the international political situation has also pushed up the price of gold. For the international financial market, the biggest risk is "political risk". Although the Iraq war has ended, the troubles of the United States and Britain in Iraq have not decreased, hostage cases and other anti-American terrorist incidents have broken out one after another, and other geopolitical frictions in the world have emerged one after another. Capital always chooses the safest "refuge"-gold in times of political turmoil. "If these conflicts in the world don't stop next year, the price of gold will definitely skyrocket."
Of course, the speculation of speculative capital will also catalyze the strong performance of gold. In any international financial market, speculative capital has always been an important force that cannot be ignored, and the international gold market is no exception. Speculative forces are good at using all available information to artificially amplify market signals and create a thriving market scene, which in turn affects the rational expectations of ordinary investors and attracts them to join the "feast". This "herd effect" immediately made the international gold price continue to strengthen, turned expectations into reality, and speculative capital gained rich returns. However, speculation is a mysterious force. What is the impact on the international gold market and at which specific high level will it withdraw? "These are unknowns, but what is certain is that speculation will definitely contribute to the rise of gold prices and have an important impact on the formation of the' inflection point' of gold prices in the future."