2014 The global capital market has undergone a baptism this year. , Many important events have occurred around the world. , But in the end, the international gold price managed to hold on with difficulty. , From this perspective , Investors have begun to doubt that international gold prices will continue to weaken in the future.

　　2014 The year is coming to an end. , This week, European and American countries will gradually welcome the New Year. , To welcome 2015 Year !

　　2014 Undoubtedly, U.S. assets have delivered relatively impressive performance in the global capital markets this year. , What has most shocked investors is international crude oil. , Compared to other investment products , The precious metals market is in 2014 Frequent annual performance , Still maintaining a relatively weak market trend. As the upcoming... 2014 Year , The gold market has been performing frequently. , Affected by the cooling of investment enthusiasm , International gold prices remain weak and consolidate. , Relatively 2013 Year 2014 The downward trend in international gold prices shows signs of slowing down this year. , The decline has significantly narrowed. 2013 The global decline in international gold prices reached... 28%, And as of last weekend (2014 Year 12 Moon 19 day )1195 U.S. dollar / ounce , International gold prices fell throughout the year. 9 U.S. dollar / ounce ,2014 The opening price of the international gold market this year is at 1204 U.S. dollar / Around an ounce—that is, as of last weekend. 2014 The international gold price fell only slightly this year. , If gold prices can see a certain increase this week, , Alternatively, international gold prices may remain range-bound during the final few trading days. , Prices may remain flat, decline slightly, or rise modestly.

　　Before publishing this article , In two consecutive articles, the author expressed his views on the future of international gold prices. , Basically, the author’s view remains relatively optimistic. Many institutions and some analysts believe that international gold prices are... 2014 The year will fall below 1000 U.S. dollar / ounce , Even falling to 900 U.S. dollar / Near the ounce. Meanwhile, the author believes that international gold prices may... 1150 U.S. dollar / The ounce receives greater support. , This view has previously been... 2013 Year 4 Moon 12 Issued after the sharp drop in international gold prices , As of 2014 The international gold price fell to its lowest level this year. 1311 U.S. dollar / Near the ounce , The actual price differs only slightly from the author’s estimated price. As international gold prices fall below... 1180 U.S. dollar / After the ounce , Some institutions and analysts expect international gold prices to soon fall to... 1000 U.S. dollar / Ounce mark , Most institutions have lowered their forecasts. 2015 Annual gold price forecast , Expected 2015 The international gold price will continue to fall this year. , and will ultimately fall to 800 U.S. dollar / Near the ounce , Even at lower prices. At this point, , The author boldly suggests that international gold prices are very likely to... 2014 Bottomed out this year , And use data analysis to substantiate the author’s judgment. , Ultimately, it appears that the international gold price may have quietly bottomed out. Of course... , The author’s viewpoint is for reference only. , Express one's own independent views. , Data is available at 11 Found in the articles published this month.

　　2014 The global capital market has undergone a baptism this year. , Many important events have occurred around the world. , But in the end, the international gold price managed to hold on with difficulty. , From this perspective , Investors have begun to doubt that international gold prices will continue to weaken in the future.

　　2014 At the beginning of the year , The international gold price is affected by 2013 After a significant year-on-year decline , Profit-taking, coupled with heightened risk-aversion demand triggered by the deteriorating situation in Ukraine. , International gold prices once experienced a several-week-long upward trend. , One-time impact 1400 U.S. dollar / Ounce mark , Ultimately blocked by 1392 U.S. dollar / It fell back to near the ounce level. This was followed by the impact of the Federal Reserve’s tightening monetary policy. , International gold prices have experienced a rapid decline. , U.S. assets are in high demand among investors. , U.S. stocks in 2008 A sharp market plunge occurred after the outbreak of the financial crisis. , At 2009 after hitting a yearly low , A series of the Federal Reserve's QE( Quantitative easing monetary policy ) With policy support , The U.S. stock market has entered a new bull market with fresh lows. , At 2014 The year especially showed remarkable performance. , Nearly hitting new highs one after another. , A significant outflow of investor capital has drawn attention. Investor enthusiasm in the precious metals market has markedly cooled. Meanwhile, as the U.S. economy continues to recover, , The Federal Reserve has begun to end its previous loose monetary policy. , Gradually tightening monetary policy , Expectations of a Federal Reserve interest rate hike are growing stronger and stronger. , The U.S. dollar index rose accordingly. , Reaching a new high in several years. , It poses considerable pressure on international gold prices. , The international gold price once pierced through. 1180 U.S. dollar / Ounce mark , Minimum drop 1131 U.S. dollar / ounce , However, international gold prices quickly rebounded from their low point shortly afterward. , Back to 1180 U.S. dollar / Above the ounce. Meanwhile, international crude oil prices have plummeted this year. , Dragging down global commodities , The precious metals market is also under pressure.

　　Therefore , We can summarize that... ,2014 The factors contributing to the continued weakness of international gold prices this year include: :

　　 ① . The U.S. dollar surged strongly. ;

　　 ② . U.S. stock markets continue to perform well. ;

　　 ③ .QE End , Rising interest rates ;

　　 ④ . International oil prices plummet. ;

　　 ⑤ . Investment demand cools down. ;

　　Despite 2014 There are numerous factors putting downward pressure on international gold prices this year. , One could even say that the U.S. dollar is strengthening, U.S. stocks are rising, and the Federal Reserve is coming to an end. Quantitative easing , factors such as rising interest rates that are becoming increasingly severe , However, we see that the international gold price remains at... 2014 There has been no sharp market plunge this year. , Even a slight increase cannot be ruled out. Why is this the case? , The author believes that 2014 The international gold price can hold its ground this year. , The main reasons are: :

　　 ① . Dollar-denominated assets have attracted a large number of investors. , Precious metals trading cools down. ;

　　 ② . International gold prices have undergone 2013 Year-on-year plunge , Basically, it has returned to a relatively reasonable price range. ;

　　 ③ . Although investment demand is cooling down. , However, demand for physical gold remains stable. , In some aspects, there are even signs of warming. ;

　　 ④ . The global economy is in a downturn. , Risk-aversion sentiment provides some support for international gold prices. ;

　　 ⑤ . The impact of global geopolitics , Providing support for gold prices ;

　　Above, we have discussed the factors that influence... 2014 Analyze the factors influencing the trend of international gold prices this year. , The factors influencing the decline in international gold prices, as well as those supporting the stabilization of international gold prices, are listed from both positive and negative perspectives. Thus, , We can do to 2015 The trend of international gold prices over the year provides certain insights. In 2015 In the coming year, international gold prices may continue to be affected by the strengthening of the U.S. dollar. , As the U.S. economy continues to recover, , U.S. stocks continue to rise. , The Federal Reserve’s interest rate hike may also... 2015 Annual occurrence , Therefore, these factors will all exert considerable downward pressure on international gold prices. Meanwhile, the decline in international oil prices has led to a drop in commodity prices. , The cooling of inflation will both have an impact on gold prices. Therefore, we can analyze the factors influencing international gold prices from the following aspects: ;

　　U.S. dollar , The U.S. dollar index, along with... 2014 A wave of upward market rally this year , Broke through layers of key resistance. , A fully bullish trend has taken shape, further underscoring its unstoppable momentum with six consecutive months of rising prices. , Fierce and menacing. The U.S. dollar index has already risen throughout the year. 11.9%, Currently facing 90.00 The test at the pass. We may know it—but only in part. , As the Federal Reserve embarks on a path of interest rate hikes, , The U.S. dollar’s strong run will continue. , Breakthrough 90.00 The checkpoint isn't the problem. Like this. , The U.S. dollar index will break free. 2001 (121.02) The downward trend that began at the start of the year , A new upward trend has been initiated. It’s not hard for us to notice. ,2001 When the U.S. dollar enters a weak downward trend, gold simultaneously embarks on a decade-long bull market. Does this mean the U.S. dollar is entering a bull market rally? , Will gold inevitably enter a sustained downward trend? ? This isn't necessarily so. , We know that the factors influencing gold prices are multifaceted. , A very important factor influencing gold’s price movement is the U.S. dollar index. ,2013 There hasn't been a significant surge in U.S. dollars this year. , But gold, on the other hand, is... 2013 A sharp market downturn occurred this year. ;2014 The U.S. dollar surged strongly this year. , Meanwhile, gold prices remain predominantly in a weak consolidation. Therefore, , We can determine that a stronger U.S. dollar is weighing on gold prices. , But this doesn't necessarily lead to a significant drop in international gold prices.

　　U.S. stocks , U.S. stocks have been affected by the Federal Reserve's monetary policy in recent years. , A new bull market has emerged. Although... 2008 The year was hit by the subprime mortgage crisis and the financial crisis. , But in 2009 U.S. stocks have entered a new bull market this year. , Moreover, U.S. stocks have shown promising performance over the past few years. , Investors have reaped considerable returns from investing in U.S. stocks. However, at one point, investors became skeptical. , As the Federal Reserve exits its loose monetary policy, (QE), May impact the U.S. stock market. , This has led to a downturn in U.S. stocks. , However, we’ve found that such concerns haven’t materialized so far. Nevertheless, we still can’t rule out the possibility of such a scenario occurring at some point in the future. , Because as the Federal Reserve tightens its monetary policy, , The Federal Reserve’s interest-rate hiking cycle has begun. , It will inevitably have a certain impact on the stock market. And... 2015 The year may face a further slowdown in the global economy. , Against the backdrop of a global economic downturn, , It may be difficult for the United States to remain unaffected. Of course. , These are merely analyses of the future. , Perhaps it won't happen— and that's perfectly normal. , For example 2015 The global economy may also improve this year. However... , After years of significant gains, the U.S. stock market... , There hasn't yet been a proper corrective rally. , Investors should be highly vigilant about this issue. Some conservative investors may choose to adjust their fund allocations. , Increasing financing for lower-priced precious metals cannot be ruled out. , Thus, it exerts a certain influence on international gold prices.

　　Crude oil ,2014 International oil prices experienced a sharp plunge this year. , The accounts from various parties differ. However, what is certain is the sharp drop in international oil prices. , It is directly related to the global economic downturn and the strengthening of the U.S. dollar. , The root cause, of course, still lies in the relationship between supply and demand. Over the past several years, whether among OPEC member countries or non-OPEC member countries... , The amount of oil produced is all relatively vague. , It can be said that every country remains silent about its own overexploitation. Once the global economy enters a downturn, however... , A decline in crude oil demand has emerged. , The situation of severe oversupply in crude oil has been laid bare. Meanwhile, as the energy market undergoes a revolution... , The level of shale gas extraction has increased in the United States and other countries. , The supply-demand relationship in the energy market may improve. , The degree of dependence on crude oil will be significantly reduced. In addition, the U.S. dollar exchange rate continues to strengthen. , Commodities priced in U.S. dollars will be affected to some extent. , Speculative factors are also contributing to the continued decline in crude oil prices. To some extent, this downward trend in crude oil prices can be considered a normal adjustment. ,2008 After the outbreak of the U.S. financial crisis in [year] , The world is caught in a cycle of scrolling and quitting. , International crude oil from the highest 147.25 U.S. dollar / The bucket dropped to 2009 of the year 33.20 U.S. dollar / Barrel , However, as global loose monetary policies are implemented, , The economy is emerging from the slump. , Crude oil prices are on the rise. , At 2011 Year back to 100 U.S. dollar / Above the bucket , Touching 114.83 U.S. dollar / Barrel. Thereafter , International crude oil prices have consistently remained at 75 U.S. dollar / Barrel ~110 U.S. dollar / Bucket-range operation. And 2014 The global crude oil price plunge of the year also began with... 10 Month , Due to Russia's intransigence on the issue of Ukraine. , This led Western countries to impose economic sanctions on Russia. , Meanwhile, as the effects of economic sanctions begin to take hold, , The Russian economy is facing headwinds. , The Russian ruble has plummeted. , At this time, the European economy has been stuck in a state of sluggishness and stagnation. , In addition, economic sanctions have been imposed on Russia. , Harm the European economy itself. , The risk of a global economic downturn has further increased. , Against this backdrop , Institutional investors are bearish on commodities using a systematic approach. , And first and foremost is crude oil.

　　As for the claim that it’s a conspiracy by Americans, , The author doesn't object either. The U.S. wants to cripple Russia's economy by suppressing crude oil prices. , Because Russia is a major energy power. , And crude oil accounts for a large share of Russia's fiscal revenue. , The sharp drop in oil prices will cause major trouble for Russia's fiscal revenue and budget. , On the other hand, implement a currency war. , Suppress the Russian ruble exchange rate , Causing Russian prices to rise , Ultimately, this has plunged Russia into severe inflation. The ultimate goal is to cripple the Russian economy. , Force Russia to make concessions on the Ukraine issue. , Even to the point of overthrowing Putin’s regime. On the other hand, , Islamist extremism, which is raging globally (ISIS), Especially in the Middle East. ,ISIS The primary source of funding is oil trading and kidnapping-for-ransom activities in the occupied territories. Meanwhile, there’s an intentional effort to suppress crude oil prices. , Is also expected to... ISIS The funding chain is putting considerable pressure on us. Energy and currency are both weapons in war. , We don't need to explain this in great detail. , The decline in international oil prices could... 2015 Year-long , However, the decline in oil prices has also had a relatively small impact on gold prices. , There's no need to be overly pessimistic.