Precious metals have tops and bottoms

On July 13th, in summary, gold is currently in a stage of ups and downs and bottoms. On the one hand, because the Fed’s interest rate hike cycle has not been completed, the U.S. bond yield and the U.S. dollar index are relatively strong, suppressing the space above gold.

On the other hand, the market is expecting a downturn in the U.S. economic cycle and the Fed will eventually ease monetary policy due to a weakening economy, and the price of gold is also supported below.

In addition, the continuous gold purchase demand of central banks around the world also provides support for the medium and long-term price center of gold.