Gold trend Will spot gold continue to rise?

Mondo Finance Updated on 2024-01-29

With the outbreak of the new crown epidemic and the instability of the global economy, ** has become a safe haven option for investors. In mid-2020, ** climbed all the way up to a record high. But will the big trend continue?Can the spot last?

First of all, it should be noted that the fluctuation of ** is affected by many factors. Among them, the international political situation, economic situation, market supply and demand relationship are all important factors. At present, the global epidemic is still not over, coupled with the policy uncertainty after the United States, these have had an impact on the United States. Therefore, judging by these factors, it is possible that it will continue in the future.

Secondly, we need to pay attention to the impact of market supply and demand on the market. The author believes that the current **market** is tight, while the demand is increasing. In mid-2020, due to the economic recession caused by the global pandemic, many countries adopted accommodative economic policies, which led to inflationary pressures. In this case, the demand for investors to buy safe-haven assets increases, and **, as a safe-haven asset, also gets corresponding buys.

Finally, we need to consider the technical aspects of the market. In the recent market movements, there have been some fluctuations, but overall it has remained stable. From a technical point of view, the key resistance level has been broken and is still in the trend, which may indicate that there is still room for more bulls in the market.

To sum up, the author believes that there is still a possibility at present. However, investors need to be aware that market risk is always present, so it is important to invest carefully. At the same time, investors should also pay attention to market news and technical indicators in order to adjust their investment strategies in a timely manner.

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