After Trump announced winning the usa election, spot gold fell below the $2710 mark intraday. Will the gold bull market continue?
① Today around 2:30 PM, spot gold fell below $2710.00 per ounce, a decrease of about 1.24% intraday; ② According to Trump's core policy proposals of 'lowering interest rates, increasing income, and adding tariffs,' the USA is highly likely to experience a second round of inflation, which will be bullish for gold; ③ The price of gold is mainly related to whether the US dollar is strong and geopolitical risks.
Gold Prices Dip as Dollar Surges on Trump Lead in Early Voting
Recently, there has been a significant increase in the volatility of precious metals prices. The Shanghai Gold Exchange is actively carrying out market risk control work.
Shanghai Gold Exchange issued a notice on recent market risk control work, mentioning that the recent significant increase in precious metals prices has led to a significant increase in market risk. All member units are requested to continue refining their emergency risk response plans, remind investors to take precautions against risks, manage positions reasonably, and invest rationally.
UNAUDITED SEMI-ANNUAL ACCOUNTS AS AT 30 JUNE 2024
AUDITED ACCOUNTS AS AT 31 DECEMBER 2023
CSOP Gold Futures Daily: UNAUDITED SEMI-ANNUAL ACCOUNTS AS AT 30 JUNE 2023