Looking at the economy in 2022, the global economy has declined from prosperity and the economies of various countries have declined. The main reason may be due to the new crown epidemic and the trend of the Federal Reserve US dollar.
September 6 Gold stock market trading
In early September this year, the US dollar trend strengthened, directly driving the rise of stocks and other risky assets, such as Bitcoin rose 13% to $21,375.38, breaking through $21,000 for the first time since August, and then the increase fell back to 11%. As of the closing of US stock on the day of the closing on the New York Mercantile Exchange, the US dollar trend was strong, gold rose and fell back to , the highest point at 1728 reached its peak, and the US market fell and fell, reaching the lowest point below 1704. closed near 1708 at the end of , which means that the high point fell to a steady rise in gold prices.
Gold rises
Market analyst Rupert Rowling pointed out in an economic report last Friday that the price trend of gold this week "shows that gold has temporarily found its natural level." This may be the decline in the US dollar index, which led to the rise in gold prices. At the same time, according to global economic analysis, the reasons for the economic recession, the relaxation of global currencies and the uninterrupted war between Russia and Ukraine have kept the gold price at $1,700, and the US dollar may continue to strengthen by the end of the year. Central Bank will take measures, and rate hikes may not be avoided.
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