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Various factors have caused the price of gold to fall to a low one month ago

Various factors have caused the price of gold to fall to a low one month ago
During the Asian session on Friday (October 30), spot gold rose slightly, with an increase of about 0.04%; overnight gold fell for the second consecutive day, and fell to a one-month low. As the US dollar strengthened, the US dollar was affected by the strong US GDP data and the US economy. The impact of unclear stimulus negotiations rose, and the uncertainty before the US election limited gold's decline. The worsening of the epidemic in Europe prompted the European Central Bank to state that it will add additional stimulus measures in December. The euro hit a four-week low against the US dollar, and a weaker euro also supported a stronger dollar.

 

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