Gold opening crash, US stocks also jumped, Bitcoin also crashed, the rise was too fierce, too abnormal, it must pull back a bit! $XAU
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Is gold crazy? Soaring by 2.5 trillion, where is the next stop for global funds?
Today's hottest topic that has been trending should be that gold has risen to 5500, precious metals have gone completely crazy, what happened last night?
Last night, Powell announced that there would be no interest rate cut - holding steady, but this should be a fact that the market has already known. The FED watch tool shows that the probability of a rate cut in January was originally less than 30%.
But why did gold soar, while the US stock market showed little performance last night, with the Nasdaq up 0.17% and S&P down 0.01%, yet gold skyrocketed from 5200 all the way to a peak of 5600 points, increasing by 7% overnight? It should be noted that the current market value of gold has reached 39 trillion, and a 7% increase means the market value has risen by 2.5 trillion!
Last night, Powell announced that there would be no interest rate cut - holding steady, but this should be a fact that the market has already known. The FED watch tool shows that the probability of a rate cut in January was originally less than 30%.
But why did gold soar, while the US stock market showed little performance last night, with the Nasdaq up 0.17% and S&P down 0.01%, yet gold skyrocketed from 5200 all the way to a peak of 5600 points, increasing by 7% overnight? It should be noted that the current market value of gold has reached 39 trillion, and a 7% increase means the market value has risen by 2.5 trillion!
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