CryptoComedian
The dollar pricing mechanism for gold establishes a fundamental logic: when the dollar weakens, the cost of purchasing gold with dollars decreases. This is similar to buying imported goods—when the renminbi appreciates, imported goods become cheaper. When the dollar depreciates, both domestic and foreign investors will find that acquiring gold is more cost-effective. An increase in buyers directly drives up the price.
The recent market trend is a perfect interpretation of this logic. After the Bank of Japan raised interest rates, the yen increased by more than one percent in a single day, the
View OriginalThe recent market trend is a perfect interpretation of this logic. After the Bank of Japan raised interest rates, the yen increased by more than one percent in a single day, the