200jilicom| Gold: Short-term overdraft but long-term logic remains unchanged, interest rate cut transaction is not over, central US$2,400 - 2,500 per ounce

Newsletter summary

Gold, interest rates and the dollar have risen abnormally recently.200jilicomWhich indicates that it may fall in the short term200jilicomBut the value of the medium-and long-term investment remains the same, especially before the end of the interest rate cut, and the gold price center is expected to be between 2400 and 2500 US dollars / ounce.

Text of news flash

Under the traditional pricing framework, gold usually changes in the opposite direction with the US dollar and US debt interest rates, because gold has triple attributes of currency, commodity and finance, corresponding to monetary, anti-inflationary and safe-haven values. Recently, however, there has been a "failure" in this pricing law, with gold, interest rates and the dollar rising at the same time. A month later, the frequency of the three changes from rising to falling is more than half, and they often give up their previous gains within two months. At present, market analysts believe that gold is short-term overdrawn, but the interest rate cut is not over yet, with the hub at 2400-2500 US dollars / ounce. In the long term, gold can be used as an asset when the opportunity cost is low, including in the context of local de-dollarization demand. In addition, whether the third anchor-hunting of the global monetary system is under way will have a significant impact on asset pricing, including gold.