Market Analysis: There are five reasons for gold to hit a new high

According to Golden Finance, the price of gold hit a new high, reaching $3,640 per ounce, up nearly 1.5% during the day. Adam Button, an analyst at the US financial website investinglive, said that since breaking through the consolidation range from April to September, gold prices have shown a parabolic upward trend. There is no real secret behind this, and there are five main reasons: 1. Trump is trying to control the Fed and lower interest rates to lower it to a level that would not have been achieved. 2. The global trade order is collapsed. 3. The global order surrounding military intervention is collapsing (see U.S. Vice President Vance's comments on killing Venezuelan citizens over the weekend). 4. Fiscal expenditure is out of control. 5. Consistent technical support.