From April to early May, after the price of gold hit a record high, it began to enter a shock adjustment.Three major factors lead to short-term adjustment of goldSince late May, gold has undergone significant adjustments. The adjustment pressure mainly comes from three aspects: First, the risk aversion sentiment has cooled recently, and the US dollar liquidity problem that the market was worried about has not yet appeared. However, the safe-haven demand for gold has not yet increased. Since late May, the price of gold has adjusted sharply, but the VIX index, which reflects market panic, has not risen sharply, and remained at a low level of 13.11 as of June 3. Looking back at history, the VIX index broke through 20 to correspond to panic in the market, and the price of gold will be boosted
Gold, Silver & Copper Hit Highs: Will the Rally Last?
Gold reached a record high, and silver prices are near an 11-year peak, boosted by a weaker dollar. Copper is also on fire, with LME futures near record highs and New York copper futures up over 30% YTD. ------------ Will Silver hit $35 and then break through $40? What's your target price for commodities? Will the rally last?
+ Follow
+4