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Original title: The disruption of international relations by Trump takes advantage of the gold to rise again Source: Integration of Internet content
On this trading day, today’s gold opened at US $ 1,870.10 per ounce, the highest reached US $ 1,876 per ounce and the lowest touched US $ 1,685.50 per ounce. As of press time, it temporarily registered US $ 1,872.69 per ounce, an increase of 0.12%. At the beginning of Asian trading on this trading day,Gold priceIt recovered slightly and temporarily traded at US $ 1,872. The analysis indicated that as long as the price of gold remains above US $ 1,860, it is expected to maintain bullish expectations. Well-known analysts believe that there is a high probability that the price of gold will remain between 1800-1900 US dollars during the year.
When he is about to leave office, Trump did not focus more on controlling the epidemic, but more “crazy” for disrupting international relations. A few days ago, the Trump administration announced that it would withdraw from the Open Skies Treaty, which has a decades-long history.
Trump withdraws from the Open Skies Treaty
With less than two months to go until Trump leaves office, at this final stage, Trump began to “have no qualms” and recently announced his withdrawal from the “Open Sky Treaty.” The US State Department stated in May this year that the US believes that remaining a member of the “Open Skies Treaty” is no longer in US interests and will formally launch the treaty in six months, unless Russia can return to its principles.
The Trump administration announced on Sunday (November 22) that it would officially withdraw from the Open Skies Treaty, a major international agreement that will be withdrawn during his tenure. Previously, Trump wanted to take advantage of the final stage before the end of this period to sign Alaska’s controversial oil lease and then make the decision to withdraw from the international agreement in the last two weeks.
During Trump’s four-year tenure, he withdrew from many agreements or treaties and withdrew from the World Health Organization when the new corona epidemic spread. The next president, Biden, has recently declared that he will return to the WHO on the first day of his mandate.
On a daily level, gold is still at the bottom of the positive line. Currently, the price of gold is generally in a state of shock and the trade is as short as possible. Also, according to the analysis, today’s gold price can only be called a short position after breaking the 1850 position; otherwise it can be treated as a short-term shock. From a macro perspective, the current gold risk aversion is heating up and does not support the direct cascade in the short term. Today, gold continues to trade. The short-term focus is on the important 1870-71 interval support and 1878-1890 regional resistance.
Today, continue to see the price of gold fluctuate on the upper side. During the day, focus on the support of the 1870-71 interval and the 1878-1890 area above.
According to the Jintou.com Gold Market Center, at 11:20 a.m. Beijing time, today’s gold spot price was reported at $ 1,873.00 an ounce.
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