CICC Wealth Futures: The strengthening of the US dollar directly weighs on precious metals assets priced in US dollars, and gold once fell below the $4,000 mark.

The expectation of a Fed rate hike is heating up, supporting the dollar's rise. A stronger dollar directly pressures dollar-denominated precious metal assets, and gold once fell below the $4,000 mark. Currently, oil prices have dropped significantly, but gold has not strengthened. The core reason lies in the siphoning effect of U.S. stocks on liquidity. Gold, which was previously overhyped due to the profit-making effect, is still gradually returning to rationality. Be careful not to blindly bottom-fish. (From Zhongcai Wealth Futures)
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