The US Dollar Rose &Nbsp, And Gold Fell 1.3% To 1725.20 Dollars On Monday.

Monday morning, Beijing time, Monday, US dollar

The New York Mercantile Exchange's main gold contract in December fell $22, or 1.3%, at $1725.20 an ounce.

The contract fell to $1705.50 an ounce, but the main contract since October is

After failing to save the company after the weekend, Manman financial company formally filed for bankruptcy protection on Monday.

Davin Newson Newsom Darin, a senior analyst at DTN, points out that the global bankruptcy of mans financial crisis "may lead to an increase in non-commercial / investment sell-off, and investors may be worried that its failure will lead to extensive and large scale settlement of the commodity market.

It should be said that this worry has dominated most exchanges and commodity trading markets today.

The Chicago Mercantile Exchange Group announced on Monday that, before further notice, all customers of the global Mansfield financial traders will be limited to "clearing paction types" and "will not recognize global Mansfield finance and any business department as the guarantor of the trading floor priority."

Another commodity trading market operator, the Intercontinental Exchange, announced the same decision before.

Jeff Wright, executive director of global Hunter securities company, points out that "clearing pactions" means that global Mansfield finance can no longer make new orders or open new positions. "They will only be able to liquidate their own or clients' unliquidated long or empty positions, which in fact means that the global financial company of Jeff White is finished."

The Bank of Japan stepped into the market again Sunday to intervene in the yen's rise.

The Bank of Japan announced on Monday that a group of Japanese yen was sold through the foreign exchange market to depress the yen.

The move led to a rise in the US dollar exchange rate and also suppressed market demand for a variety of commodities priced in US dollars.

Jeff White pointed out that in the short term, "as the Bank of Japan intervened in the market to prevent further appreciation of the yen, we can see that the US dollar is strengthening against almost all major currencies, including the euro, the yen, the Canadian dollar and so on, which is a serious blow to the price of gold."

A strong dollar makes the holding cost of commodity futures priced in dollars higher, reducing their investment attractiveness, which is unfavorable to commodity futures prices, including gold.

In the report, Jeff White pointed out that "gold has now been regarded as a de facto currency, and we can see that the directional change of the main currency exchange rate has led to an increase or decrease in gold demand in the short run, or even just part of a trading day."

Richard Hastings, Richard Hastings, a global hunters securities company, further pointed out that "Japan may ask the group of G20 to take joint action and further raise the US dollar exchange rate."

Japan's independent actions are unlikely to succeed and will not change the dollar exchange rate basis.

So this coordinated action is more likely to happen and will be a short-term threat to New York's foreign exchange market. "

The group of G20 is scheduled to hold a summit later this week.

In terms of major economic data, the Chicago purchasing managers index of the US Supply Management Association fell to 58.4 in October, slightly better than market expectations.

In other metals prices, the silver contract fell 93 cents in December, to 2.7% at 34.35 U.S. dollars per ounce, up 14% since October.

Copper fell 7 cents in December, closing at $3.63 a pound, or 2.6%, up 15% since October.

Platinum fell $44.20 in January, closing at $1607.60 an ounce, or 2.7%, while palladium fell $17.20 in December, at $651.15 an ounce, or 2.6% in January.

Platinum and palladium increased 5.8% and 6% respectively in October.