How to predict the spot gold trend based on the industrial production index?
The industrial production index is an industrial product physical quantity index compiled with a weighted arithmetic average. It is an index commonly used by Western countries to calculate and reflect the speed of industrial development, and is also the preferred index for prosperity analysis.
The basic principle of the industrial production index is to calculate the individual index based on the output of various representative products in the reporting period compared with the base period, and then use the weights to measure the different importance of various products in the industrial economy.
How to predict the spot gold trend based on the industrial production index?
The weighted average calculates the classification index and total index of product output, and the total index is the comprehensive development speed of industry. So, how to predict the trend of spot gold according to the industrial production index.
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Industrial output data reflects the country's economic recovery momentum and provides a further basis for the market to evaluate the country's economy.
Many economists calculate the GNP or estimate the future economic trend. The industrial production index is the most commonly cited data. The increase in the industrial production index represents an improvement in the economic climate, and the GNP should rise.
At the same time, industrial production is also one of the four economic data reflecting the economic operation.
The index rose, indicating that the economy is improving, and interest rates may be raised. It should be more bullish against the US dollar and bearish on the price of gold; otherwise, it will be bearish on the US dollar, and the spot gold price will rise accordingly.
The basic principle of the industrial production index is to calculate the individual index based on the output of various representative products in the reporting period compared with the base period, and then use the weights to measure the different importance of various products in the industrial economy.
How to predict the spot gold trend based on the industrial production index?
The weighted average calculates the classification index and total index of product output, and the total index is the comprehensive development speed of industry. So, how to predict the trend of spot gold according to the industrial production index.
Open http://t2.mademoney.net, then click whatsapp account +917406391776 to add teachers. A simple greeting may open the door to wealth.
Industrial output data reflects the country's economic recovery momentum and provides a further basis for the market to evaluate the country's economy.
Many economists calculate the GNP or estimate the future economic trend. The industrial production index is the most commonly cited data. The increase in the industrial production index represents an improvement in the economic climate, and the GNP should rise.
At the same time, industrial production is also one of the four economic data reflecting the economic operation.
The index rose, indicating that the economy is improving, and interest rates may be raised. It should be more bullish against the US dollar and bearish on the price of gold; otherwise, it will be bearish on the US dollar, and the spot gold price will rise accordingly.
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