During the Spring Festival, there was a very strange phenomenon in the market, that is, the world's central banks are crazy to buy, but the international gold price has ushered in the phenomenon of **. According to common sense, the sharp fall in the international gold price will inevitably drive the domestic gold price downward, but this is not the case.
According to WH Group's market research, as of February 14, the latest London spot closed at around $1,991 per ounce, falling below the $2,000 mark again, a decline of more than 3% in just one month. But we have to know that in recent years, central banks around the world have opened the **buy, buy, buy mode. In 2023, global central banks bought around 1,037t of gold, second only to the highest in history in 2022; The People's Bank of China (PBOC) alone purchased 225t of gold, accounting for about a quarter of the world's total purchases. It is precisely because of the frenzied purchase of global central banks that the international market was 13% last year.
It is said that the world's central banks are hoarding, and the gold price must continue to rise, but why did the international market usher in a sharp decline at the beginning of the new year?
Some professionals pointed out that the "sharp drop in international gold prices" has a certain impact on the U.S. economy, and the strong U.S. economic data has suppressed gold prices to a certain extent, resulting in a wide range of gold prices in the cycle. However, in the long run, gold prices will still benefit from the two-line logic of the Fed's room for interest rate cuts and safe-haven premiums, which makes ** still firmly in the hearts of investors.
In fact, as a typical international easy product, spot ** has the characteristics of anti-inflation and can maintain and increase its value during the inflation period; However, it is more affected by global economic conditions, and investors can diversify their risks by investing in spot. Because the spot market has high liquidity, investors can make full use of the margin trading system and the two-way mechanism of long and short to strive for greater profit space for themselves. At the same time, the investment threshold of spot ** is relatively low, and the WH Group Bullion platform (WZGcom/?806BJ) can be traded with a minimum of $70 to open an account, which is suitable for investors with different financial strengths.
In addition, investors can also clearly understand the trend of spot goods through the ** section of WH Bullion platform, so as to avoid the operational risks caused by the uneven gold prices at home and abroad, so as to give full play to the equity value of this trading asset. In the new year, the gold market is at the right time, seize the opportunity, enter the market scientifically, and WH Group will help to achieve a good start to income as soon as possible!