Gold rose sharply last night, and spot gold has reached $3,850. If you look at the trend of New York gold, many people will probably be shocked because it rose nearly 2% last night, and it rose again 0.56% today, and it has reached $3,880.
Judging from this trend, the $3,800 has been stepped on, and the key is the trend, which seems to be continuing to advance towards the $4,000 goal.
With this kind of rise, the subsequent rise in gold will make everyone exceed expectations. Will there be a surprise when returning to National Day? I think this possibility exists.
So, what should we deal with it?
Actually, as you all know, I have been investing in gold regularly before. The reason why I am so determined is that I think the probability of gold reaching the next integer mark is very high.
As for the reasons, everyone knows that the Federal Reserve expects the probability of interest rate cuts in October to increase again, and the regional situation is becoming increasingly complex. The key point is that the current high-level risks of US stocks are continuing to intensify. I feel that some funds are gradually flowing out of US stocks and flowing back to gold to get rid of risk. It should be said that this is the core driving the continued rise of gold prices.