2022年08月26日，美國聯準會主席鮑爾（Jerome Powell）發表了打擊通膨的強硬演說之後，黃金便連續下跌了兩天。其實，投資人真正擔心的不是這次升息幅度，而是不知這次的升息何時結束以及高利率會持續多久。

On August 26, 2022, after U.S. Federal Reserve Chairman Jerome Powell delivered a hawkish speech against inflation, gold fell for two consecutive days. In fact, what investors are really worried about is not the magnitude of this rate hike, but not knowing when this rate hike will end and how long the high rate will last.

2022年08月29日，可可看一下當日銀行的買入價格，賣出價約在1731.9美元。黃金的交易有買入跟賣出兩種價格。約有17美元左右的價差。不過如果仔細觀察，價格越低差價越小。

On August 29, 2022, Cocoa took a look at the buying price of the bank on that day, and the selling price was about $1731.9. Gold is traded at two prices: buy and sell. There is a spread of around $17. However, if you look closely, the lower the price, the smaller the difference.

如果以2020年到2022年來看，黃金目前算是處於一個相對低點。這並不是說黃金不會再下跌，而是下跌的幅度應該有限。畢竟美元從27美元漲到30美元在向上漲的幅度有限，而黃金從2000美元跌到1700美元已有15%的跌幅。

If you look at 2020 to 2022, gold is currently at a relative low. That’s not to say that gold won’t fall any further, but the decline should be limited. After all, the dollar’s rise from $27 to $30 is limited, while gold has fallen 15% from $2,000 to $1,700.

買入了0.2盎司，以1733.95美元買入，共買了346.79美元。在打這篇文章的時候，其實已經是4、5天之後。這期間，黃金出乎意料的又連續下跌了好幾天，目前是到達1710美元。

Bought 0.2 oz at $1733.95 for a total of $346.79. At the time of typing this article, it was actually 4 or 5 days later. During this period, gold unexpectedly fell for several days in a row, currently reaching $1,710.

重新整理了表格。因為最近的美元的價格，實在太誘人了。所以，貪心的可可將手上的美元賣出。僅留下2000美元做黃金買賣使用。END

The table has been rearranged. Because the recent dollar price, it is too tempting. So, the greedy cocoa sold the dollars on hand. Only $2,000 is left for gold trading. END