# 外汇原油

Macro + Liquidity Combined Trading Model
Why does gold rise while crude oil and the US dollar index fall?
Gold looks at interest rates, the direction depends on the dollar, sentiment is influenced by US stocks, and demand is driven by crude oil!
Earlier, it was mostly dominated by interest rates and sudden risk events; when the dollar raises interest rates, gold prices fall; when the dollar lowers interest rates, gold prices rise. In recent years, it has increasingly reflected the global shake in confidence in the dollar and the long-term trend of diversification in the reserve system.