How Mysterious Is It To Invest In Gold? How To Bet On Big Ups And Downs?

This year's global market turmoil is more than ever. Even hedge funds, known as hedge funds, have a higher probability of gold price ups and downs than almost all the odds of a coin tossing, almost two times as pure as luck.

Bloomberg News reported that in the past nine weeks, five weeks, hedge funds and other fund management agencies have mistaken the direction of gold price volatility.

The US Commodity Futures Trading Commission (CFTC) data show that as of the 20 week of this month, investors' gold net positions increased by 48%, a record high since February of this year, and many warehouses also increased for five consecutive weeks, the longest consecutive period of increase.

Just last week, the price of New York gold fell by 1.7%, the largest weekly decline in nearly two months.

Goldman Sachs's view of the gold market is similar to that of Barnabas Gan, an overseas Chinese Bank of Singapore.

Barnabas Gan ranks top among Bloomberg's three quarter gold forecast.

Barnabas Gan predicts that the price of gold will fall to $1050 an ounce as the Federal Reserve tightens monetary policy this year.

If money is not tightened, the price of gold may rise.

The report also said that since the beginning of this year, the price of gold has fluctuated more than 12 times during the year.

Reported that this reflects the face

Investors are weighing the impact of increasing interest rates on the prospect of US borrowing costs and the gloomy global economic outlook.

Because the economic outlook is good, the Fed will raise interest rates and tighten the currency, and the price of gold will fall. If the economic environment is not good enough, the Federal Reserve may postpone raising interest rates, and the price of gold will be reduced.

Michael Cuggino, a Permanent Portfolio Family of Funds Inc. fund manager who manages assets of about $4 billion, commented that gold prices fluctuated considerably, and that the central bank's actions were expected to be

The situation of rising pressure is still alternately affecting the price of gold. From the point of view of trading, there is no strong reason to buy or sell.

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On the 21 th of this month, Goldman Sachs's report reiterated the Federal Reserve's expectation of raising interest rates in December this year, and the probability of raising interest rates in December was 60%.

This probability is higher than the market expected rate of increase 30%-40%.

At the same time, Goldman Sachs pointed out that once the United States starts to raise interest rates, it will hit gold prices. It is estimated that spot gold prices will drop to $1100 an ounce in 3 months, and drop to 1050 dollars per ounce in 6 months, dropping to 1000 US dollars per ounce in one year.