FTV News / Tang Shiqing and Chen Shenghan reported in Taipei
The market expects the U.S. Federal Reserve to hike interest rates by another 3 yards this week, and as interest rate hikes have strengthened the dollar, gold prices have fallen for seven consecutive months, setting a record for the dollar. longest loss streak in 54 years. The latest gold price was 1,648 yuan per ounce. However, the price of gold in Taiwan hasn’t changed much. Experts pointed out that due to the US dollar exchange rate, the price of gold in silver buildings continued to be high.
Zheng Rufang, owner of a silver building, said: “This gold nugget was 1.68 million in early September and the current price is 1.71 million. There were many people who wanted to invest. before, but they wanted to wait until the gold price dropped to 1.6 million, but it didn’t work, because the exchange rate depreciated, so everyone is still there as they watch. “
Holding a 1kg gold nugget, the silver building contractor is frowning. The wedding season at the end of the year, coupled with the sharp rise in interest rates by the US Federal Reserve, made the international gold price record the longest losing streak in 54 years. decreasing but increasing, it scares people to start.
Zheng Rufang, owner of a silver building, said: “The exchange rate of the US dollar went from 32 yuan to 33 yuan and the price of gold also went up. The previous price of gold and the price of gold. silver building will fall sharply to 6,400 and 6,500 yuan, and now it has reached 6,600 yuan. “
The strengthening of the US dollar has led to a drop in the price of gold. The international price of gold fell below USD 1,650 last week and reached USD 1,648 per ounce on November 1st. The Taiwanese dollar fell as much as 18%. Now go to the silver palace to buy gold, 1 cent The selling price of gold has dropped to 6,730 yuan, which is more expensive than the 6,470 yuan in early September, which made the newlyweds who want to get married have a big head.
Jiang Haonong, associate director of the Global Strategy Research Department of Bank Investment Advisory, said: “If the gold price looks ahead to next year, it could challenge the $ 1,800 and $ 1,900. on the side of the Fed the following year, which will lead to the trend of gold “.
The market predicts that the U.S. will raise interest rates by 3 yards in November and another 2-3 yards in December. Under that pressure, the international price of gold will fluctuate between $ 1,600 and $ 1,700 by the end of the year. , but if the economy weakens next year, the Federal Reserve will. If interest rates are likely to be cut, gold prices should rebound.
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