#金价连续第十天下跌
The gold price has fallen for the tenth consecutive day. To be honest, I have become numb.
Today is March 24th, and the gold price has fallen for the tenth consecutive day.
Why is it falling continuously?
Actually, the reason is similar to the previous wave of plummets, except this time it's a series, not a single episode.
The US dollar is too strong. Although the Federal Reserve has cut interest rates, the market has found that the rate cuts aren't coming quickly, and the dollar index continues to rise. Gold is priced in dollars; when the dollar rises, gold has to fall. This logic is simple, but simple things are often the most brutal.
The market is no longer afraid. Gold is a safe-haven asset, and safe-haven assets usually rise when everyone is scared. But what about now? The US stock market hasn't crashed, and geopolitical conflicts haven't escalated. People feel that 'it doesn't seem that scary,' so they sell gold and pursue other investments.
The continuous drop in gold prices for ten days, to be honest, doesn't have a big impact on ordinary people.
The ones really losing money are those who have leveraged their investments, those who have bet all their money on gold. Even if ordinary people buy some gold, it's just a small part of their assets; if it falls, it falls, and it doesn't mean they can't live their lives anymore.
So, if you bought gold, my advice is: don't look at it, don't sell it, don't think about it. The premise is that you bought physical gold or ETFs, not those futures with tens of times leverage. If you leveraged your investment, just pretend I didn't say anything, and good luck.
