From following the same steps to the current situation of different things and a hundred flowers blooming, analysts believe that the global monetary policy has actually returned to the normal state before the current crisis. In a sense, this is a good thing. In the future, the policies of various economies may depend more on Precious Metal Fundthe development of their respective economic cycles.
Judging from the time of de-globalization in recent years, Brexit in 2016 once stimulated a sharp rise in gold. Since the election of US President Trump, gold has also been rising continuously. This shows that on the one hand, anti-globalization has brought risks of various uncertainties. On the other hand, it has also allowed other countries, especially developers, to increase their understanding of the value of gold currency in order to seek to continuously reduce their dependence on the US dollar. All in all, as a country that the United States focuses on suppressing, it not only needs to improve its own comprehensive national strength, but also urgently needs to improve the international status of its own credit currency. In addition to the endorsement of comprehensive national strength, the improvement of the country's credit currency status also requires the auxiliary support of physical currency gold. Therefore, under anti-globalization, the monetary value of gold will become more prominent and will improve in the long term.
Barclays Capital (BarclaysCapital) said that the political turmoil in the Middle East and the strong earthquake in Japan have increased the short-term downside risks to the global economy and metal prices. It is expected that the situation for growth-sensitive assets is not good until these developments become clearer and policymakers respond specifically to inflation, and safe-haven assets such as gold should perform well.
However, from a higher perspective, as mentioned above, the precious metal personal investment market is the largest reservoir for individual investors’ high-risk trading business. The short-term freeze or shock of this market may further accelerate the transaction brokerage. The evolution of the industry's current life cycle has enabled it to quickly step into the general trend that the market in developed countries has gone through in the past 20 years, that is, the function of trading brokerage and the overall shrinking of related industries. Judging from a series of recent trends at the highest level of financial supervision, even if there is the slightest possibility of inducing systemic risks, the supervision of a segmented business is zero-tolerant. The demand for high-risk investment such as leveraged transactions is just like high-risk individuals such as cash loans. Financing needs are likely to be strictly controlled. Even for fully qualified commercial banks, the leeway for such high-risk intermediary businesses may be as narrow as their American counterparts under the Dodd Frank Act.
But Bloom added: Now we should have a new way of thinking: emerging market currencies are the main, and the US dollar is only the residual currency. Such a world can explain the world we are in now. When the United States raises the debt ceiling and an immediate crisis is resolved, the market will buy risky assets including emerging market currencies. The residual effect of this is that people will sell US dollars. But if the U.S. debt ceiling is not raised, investors will sell risky assets. In this case, the U.S. defaults, but the U.S. dollar rises.
The Stone&McCarthy Research Institute recently released a report stating that between now and the Fed’s meeting on interePrecious Metal Fundst rates on September 12, the FOMC will receive two economic reports that have received much attention: one is the Beige Book, and the other is the August non-agricultural report. Employment report. If the report does not show signs of a clear deterioration in the economy, the FOMC may choose to wait until a clearer signal is obtained before making a decision.
PIPTRADE stated in its report that investors need to pay enough attention to the US challenger layoffs announced today and the number of initial unemployment benefits last week. From a technical point of view, gold was under pressure from the 5-day moving average to fall back to the inside of the triangle, but supported by the 20-day moving average, it still stood at the 1600 mark. The short-term resistance is located near the 100-day moving average at 1604.50, and further resistance is located near the upper triangle of 1607.50, and the tendency to break back is near 1590 below 1600.
The Asian market lacked more influential fundamental information, and the market continued the trend of the US market overnight. It is worth noting that starting from the European market in the afternoon, the market will usher in a wide range of important fundamental information, including German unemployment rate, European inflation, US GDP in the first quarter, and US interest rate resolutions.