Analysis: Gold hits new high due to five factors including "out-of-control fiscal spending"
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最新报道：According to Bijie.com, gold prices hit a new high of $3,640 per ounce on September 8, a nearly 1.5% daily increase. Adam Button, an analyst at investinglive, a US financial website, stated that since breaking out of the consolidation range from April to September, gold prices have been on a parabolic upward trajectory. There's no real mystery behind this, but there are five main reasons: 1. Trump is attempting to control the Federal Reserve and drive interest rates down to levels they wouldn't otherwise reach. 2. The global trade order is unravelling. 3. The global order around military intervention is crumbling (see US Vice President Vance's weekend remarks about the killing of Venezuelan citizens). 4. Fiscal spending is out of control. 5. Technical support is unanimous.
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