The divergence between the gold price and the real interest rate trend of U.S. Treasuries since June of this year is confusing. As shown in Figure 1, the real interest rate of the 10-year U.S.
This week, gold fluctuated within a narrow range, with a weekly fluctuation of only $26. This kind of performance has been relatively rare in the past two years. The market is waiting for further clarification of the news.
The last trading day Tuesday (August 3rd): The international gold London gold once again oscillated and closed down.
In terms of trend, the price of gold has opened at US$1812.87 since the Asian market in early trading, and has remained within the range of US$1808-1812 for most of the time.
Gold is one of people's favorite jewelry and the oldest trading medium. It has the properties of value preservation and appreciation, can fight inflation, and has the effect of hedging risks. But recently, the two attributes of gold seem to be slowly disappearing.
The US June Consumer Price Index (CPI) announced this week rose by 5.4% year-on-year, higher than the expected 4.9%, and hit the highest level since 2008.
