Why does the price of gold go up in the Year of the Horse?

In the last month of 2013, international gold still failed to shake off its year-long decline. It fell for four consecutive months. In December, it fell by 3.69%, with a total drop of 46.16 U.S. dollars, reaching a minimum of 1,182.90 U.S. dollars, which is 1180.45 from the mid-year low. The dollar is only one step away. Why does the price of gold rise in the Year of the Horse? In the last month of 2013, international gold still failed to shake off its year-long decline. It fell for four consecutive months. In December, it fell by 3.69%, with a total drop of 46.16 U.S. dollars, reaching a minimum of 1,182.90 U.S. dollars, which is 1180.45 from the mid-year low. The dollar is only one step away. Why does the price of gold rise in the Year of the Horse? From the psychological point of view of an Oriental, it is said that the Fed's policy will not undergo major changes at the meeting in December last year, so as to achieve a smooth transition of power. In addition, at the end of the year, all tasks have reached the time for settlement and summary, and various holidays have continued one after another. Unexpected incidents are likely to occur during such special times. Therefore, being an Oriental is even more important. It is difficult to understand why the Fed made the decision to cut qe. In fact, if you think about it carefully, the Fed’s decision to cut qe at its December meeting is understandable, because the time is ripe and various external economic data targets have been reached. The decision to reduce qe will not be subject to leaders’ subjective factors. Impact. In the context of the Fed’s reduction of qe, it is said that the price of gold will be severely suppressed and even hit a new low. However, it was counterproductive. When the low point of the year was only one step away, the power of the shorts came to an abrupt end, and the price of gold seemed to be in An indestructible bottom was built near $1180, and the bulls succeeded in taking advantage of the 2014 Year of the Horse to ride on the momentum. This rise at the beginning of the new year will set the tone for the year. Why does the price of gold rise in the Year of the Horse? From the daily point of view, the downward trend in gold prices seems to have ceased since entering 2014. Since then, it has been in an orderly rebound. Nowadays, the demand for the rebound in gold prices is very strong. Once the upper resistance is successfully broken, the bull market will return again. Previous post: How much is Chen Sicheng and Tong Liya's wedding diamond ring Next post: Is natural ruby u200bu200bworth the investment?