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...
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.
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