Behind the gold crash, there is a fact that cannot be ignored.

The defeat of gold after Trump's victory can be explained in various ways. In the view of deutsche bank, its trend clearly indicates one thing...

Golden10 DataNov 15 08:46

In the pursuit of wealth and risk, how much gold has zijin mining group actually been 'plundered'? The issue of illegal mining may be difficult to solve in the short term.

1. Over 3 tons of gold were robbed overseas, the 'suspicions' have not been completely clarified; 2. The illegal mining problem in the La Llanada gold mine in Colombia may be difficult to solve in the short term; 3. Nearly half of zijin mining group's assets are overseas, with a majority located in underdeveloped regions with weak political and economic stability.

cls.cnNov 15 07:22

The Trump team plans to cancel the $7,500 electric car tax credit, causing a sharp drop in electric car stocks.

The Trump team is considering canceling the $7,500 electric vehicle subsidy policy to fund its tax reduction plan. This policy is one of the measures adopted by the Biden administration to combat inflation. Trump supporters and the oil industry hope to cancel electric vehicle tax incentives, while the auto industry groups are calling for retention. Musk believes that canceling the subsidy policy will not have a significant impact on Tesla, but will rather cause more trouble for competitors. Electric vehicle stocks plummet, with Tesla down 5.77% and "Tesla rival" Rivian down 14.3%.

wallstreetcnNov 15 07:08

The market expects that the usa's mmf policy will become more restrictive as gold prices decline for the fifth consecutive trade day.

On Thursday, gold prices fell for the fifth consecutive trade day due to market expectations that future mmf policy will be more stringent, and geopolitical risks may diminish after Trump's rise to power, causing gold prices to drop to their lowest level in two months.

Zhitong FinanceNov 15 06:00

Trump's victory resulted in a Waterloo for gold, with the spot gold price plummeting over $230 from its high.

① On Thursday morning in the European market, spot gold was quoted at $2,555.98 per ounce, having fallen over $230 since the historical high on October 31. ② Analysts state that the decline in gold prices is mainly due to a shift in risk appetite and a strengthening dollar after Trump's victory. Citigroup expects that the bullish market for precious metals may pause for a few weeks. ③ Observers remain bullish on the fundamentals of gold, believing that demand from central banks for gold will remain strong.

cls.cnNov 14 18:24

Five consecutive days of decline! Gold is seriously injured, is the bull going to leave?

What does the current round of "repricing" of gold actually mean?

Golden10 DataNov 14 17:53