The outcome of the U.S. election has a big impact on the price of gold. If gold investors in the mainland bought paper gold at a low level a month ago, and did not sell it at a high price in Asia on the day Trump was elected, and held it until now, they may end up "drawing water from a bamboo basket in vain." "The embarrassing situation of Trump's inaugural speech, which made the market expect that his policies after taking office may not be as unpredictable as during the election, and the price of gold softened.
Gold prices have continued to decline recently after Trump's victory, but gold traders and analysts surveyed by Bloomberg are bullish on gold prices for the second consecutive week. , the number of people holding a neutral view is 1. Among them, professional investors who are bullish on gold prices believe that Trump's trade protectionism may make the market expect the dollar to depreciate in the next few months or years, thereby enhancing the attractiveness of gold.
In addition, Trump's economic policies may not dim the economic prospects of the United States as expected by the market. For example, his proposed restrictions on illegal immigration and tightening immigration policies may push up labor costs in the United States and pull up wages in the United States. Play a positive role in reducing the unemployment rate. However, Trump's plans to increase infrastructure and massive tax cuts may increase the U.S. fiscal deficit and support international gold prices.
As of 15:00 Beijing time on November 11, 2016, the gold T+D traded on the Shanghai Gold Exchange closed at 278.09 yuan/g, a drop of 1.55% from the previous trading day, and returned from this week’s high of 300.39 yuan/g. Withdrawal of 8.4%! This situation truly reflects that the price of domestic gold derivatives is deeply affected by the international gold price, and the international gold price is currently in the stage of digesting the reality that Trump has become the new US president. During this period, a fierce long-short game occurred It may be inevitable.