Spot gold this week basically showed the trend of with a narrow range of . Today, due to Christmas, spot gold was "suspended" without any price changes.
A lot has happened this week. The US stimulus plan, which was originally going smoothly, has once again reached a deadlock. The differences between the two parties are difficult to resolve. The US government is once again facing the crisis of shutting down. The UK and Europe finally reached a trade agreement before Christmas, and both sides are happy.
The market has been measuring the impact of these long and short factors on gold prices. First of all, the implementation of the Brexit trade agreement marks the "downgrade" of market risks, thus weakening the role of the US dollar's safe haven currency . Secondly, the U.S. dollar’s share of foreign exchange reserves in various countries has declined, causing spot gold prices to rise.
Industry insiders said that despite the twists and turns of the U.S. stimulus plan, the probability of passing it is still very high, which will support the price of gold to a certain extent. If the deadlock on the U.S. stimulus plan is broken, the price of gold may rise further.
In short, spot gold is more likely to continue to rise in the future .
Finally, the international gold price has skyrocketed and plummeted. What will be the intraday trend of domestic gold?
The following are the quotations of some gold stores:
The quotations above are obtained from the official websites of major gold stores. There are slight differences due to different regional stores. Please refer to the quotations of physical gold stores in various places on the same day. The data is for reference only~
