The gold price fluctuated sharply due to the expectation of Trump's election as the president of the United States.
Gold Plunge? Uncovering Opportunities Amid Trump's Policies 📉💰
Hey fam, are you feeling a bit lost in the gold market lately? Trump's moves have sent gold prices on a rollercoaster ride. Today, let's demystify the logic behind it and see how we can find our footing in this "golden" wave.
🌐 Trump's Trading Impact
Do you remember the plight of the Mexican peso when Trump was elected in 2016? Now, some are shorting gold, trying to profit from Trump's policies.
🔍 War Stance Impact
Trump's declarations of peace have dimmed the safe-haven aura of gold. Global capital believes that the end of wars will reduce the demand for gold, naturally putting pressure on prices.
🚀 Support for Cryptocurrencies
Trump's high-profile support for cryptocurrencies has created a competitive relationship between this new asset and gold. The heat of gold seems to be overshadowed by the light of digital currencies.
💸 Economic Plan and Inflation Expectations
Trump's economic plan, which may include tariffs on foreign trade, significant tax cuts domestically, and the expulsion of illegal immigrants, could push up inflation. The expectation of Federal Reserve rate hikes随之而来，putting downward pressure on gold prices.
🌟 Future Gold Price Outlook
Although Trump's policies are still just expectations, Wall Street analysts believe that gold still has a chance to make a comeback. The difficulty of policy implementation, the uncertainty of regional conflicts, and the questioning of the stability of the US dollar could all become turning points for gold.
🛡️ Gold's Safe-Haven Status
Short-term fluctuations do not change gold's safe-haven status in the capital market. No matter how the market changes, gold remains that final refuge.
June 30,24 Blog GoldInvest Cryptocurr SafeHaven Gold