5 thoughts on “Why is the price of gold this year's price increase?”
Jimmie
Because gold is related to the trend of economic growth, if the economic development is good, the price of gold will fall down. This year, due to the impact of the epidemic, countries around the world have fallen into the economic crisis. All countries outside China have carried out negative economic predictions, leading to the rise in gold prices. The gold price is close to the highest level of history S spot gold price has exceeded the $ 1,800 one ounce. Since 2011, this price has been exceeded. It will continue to challenge the highest historical record of 1920 US dollars, so the price of gold will hit a record high. The future may be only a matter of time, and it may even exceed $ 2,000 at the end of the year. Global monetary policy such as the Bank of Japan and the European Central Bank intends to maintain considerable easing in the prospect of alleviating the epidemic, so that gold has the possibility of further rising. Therefore, the trend of gold in the future will still be very powerful, becoming the expectations of expectations. I think the price of gold has skyrocketed. The happiest one should be those aunts who like to scan goods to buy gold. The form of gold real asset preservation The early days of the development of gold in human civilization did not have such a high value. Until the remaining products of the goods, humans appeared in the form of objects. With the increasingly large transaction volume, some items were found to be relatively high, and the volume was relatively small. The glittering gold in nature has become the common choice of most residents. Due to the particularity of metal, gold has also acted as a currency exchange in human history until the advent of the paper age. but with banknotes, gold will also be stored as a currency, also known as the gold standard system. It was not until the 1970s that the US dollar and gold were decoupled, and the era of the golden system was announced. But gold is also the most valuable currency form. Now we no longer use gold to buy things, but we can treat gold as a form of asset value preservation. The world economy does not improve, and gold will still rise Golden generally related to the negative correlation of economic growth. If everything is prosperous, the price of gold will decrease because everyone does not need to take down As an asset reserve, gold can be replaced with money into the capital market for investment, but on the contrary, if there is a problem with the world economy or even the crisis, gold will be used as the form of asset preservation. The dangerous attributes, so the more pessimistic the economy, the higher the price of gold, so the ancestors summarized such a saying "The Grand Tibetan antiques, buying gold in troubled times." The world's other countries in the world have fallen into the economic crisis, so the price of gold is very strong at present, and with the development of the epidemic, the price of gold is still higher and higher. The crisis, and there are no signs of improvement in this crisis.
Humans' obsession with gold began with some unique qualities of gold itself. First, gold is scarce. Although gold mines are distributed around the world, no place can easily minimize. Discovering and producing gold requires great efforts. The gold produced by the ancient Egyptians does not exceed more than ton. The annual output of global mineral gold in the world is only tons. This shows that gold itself is extremely precious. Gold evolved from general goods to special products with currency utility, and then evolved into currency intermediaries with product value. Finally, it became a financial instrument that could be ignored regardless of product utility or actual currency utility. Throughout the history of currency, we know that gold has high value before being used as currency. The use of gold as a circulation medium acknowledges the high value of gold, but does not increase its use value. The value of gold is mainly reflected in decorative and scarcity. has been increasing in prices this year, there are the following reasons. First, the US dollar is weak. The status of the US dollar in the international currency system and the exchange rate of the US dollar to the currency of the major countries affect spot gold prices. Generally speaking, the US dollar is strong, the exchange rate of the US dollar is high, the demand for gold is low, and when the US dollar is weak and the exchange rate is low, the demand for gold will increase. Gold prices rose. As investors use gold as an investment tool for hedging inflation, the purchasing power of the US dollar and the decline in the US dollar exchange rate will increase the demand for gold preservation of gold, thereby pushing up the price of gold. On the other hand, with the unchanged price of gold and USD, the decline in the exchange rate of the US dollar will reduce the gold price of currencies in various countries, thereby increasing the demand for the gold manufacturing industry, especially the demand for jewelry and jewelry, and the role of gold prices. Secondly, the inflation rate and price level affect the gold price. In the long run, under the influence of rising prices, the price of gold has also changed the same. The inflation rate is particularly prominent on the price of gold. In the long run, in the macro background of rising prices and intensified inflation, gold prices will rise; this year's inflation rate is higher, so gold prices have been growing. On the contrary, when prices fall, gold prices will decline accordingly.
Because gold is related to the trend of economic growth, if the economic development is good, the price of gold will fall down. This year, due to the impact of the epidemic, countries around the world have fallen into the economic crisis. All countries outside China have carried out negative economic predictions, leading to the rise in gold prices.
It dollar performance. The status of the US dollar in the international currency system and the exchange rate of the US dollar to the currency of the major countries affect spot gold prices. Generally speaking, the US dollar is strong, the exchange rate of the US dollar is high, the demand for gold is low, and when the US dollar is weak and the exchange rate is low, the demand for gold will increase. Gold prices rose. Ir's investment tools for hedging inflation, the purchasing power of the US dollar and the decline in the US dollar exchange rate will increase the investor's demand for gold preservation, thereby pushing up the price of gold. On the other hand, with the unchanged price of gold and USD, the decline in the exchange rate of the US dollar will reduce the gold price of currencies in various countries, thereby increasing the demand for the gold manufacturing industry, especially the demand for jewelry and jewelry, and the role of gold prices.
In fact, there are two aspects of gold prices in this year. The on the one hand, the rise in gold prices has increased with a interest rate reduction in the United States. In 1944, the US dollar was linked to gold because of the Bretton Forest system. The impact did not disappear. On the other hand, global economic growth has gradually slowed down, and the market will seek high -quality insurance assets such as gold to reserve, leading to rising gold prices.
The biggest motivation for rising gold prices often comes from the consumer demand for the public. The epidemic affects the production of gold decreased, and the price naturally rises.
Because gold is related to the trend of economic growth, if the economic development is good, the price of gold will fall down. This year, due to the impact of the epidemic, countries around the world have fallen into the economic crisis. All countries outside China have carried out negative economic predictions, leading to the rise in gold prices.
The gold price is close to the highest level of history
S spot gold price has exceeded the $ 1,800 one ounce. Since 2011, this price has been exceeded. It will continue to challenge the highest historical record of 1920 US dollars, so the price of gold will hit a record high. The future may be only a matter of time, and it may even exceed $ 2,000 at the end of the year.
Global monetary policy such as the Bank of Japan and the European Central Bank intends to maintain considerable easing in the prospect of alleviating the epidemic, so that gold has the possibility of further rising. Therefore, the trend of gold in the future will still be very powerful, becoming the expectations of expectations. I think the price of gold has skyrocketed. The happiest one should be those aunts who like to scan goods to buy gold.
The form of gold real asset preservation
The early days of the development of gold in human civilization did not have such a high value. Until the remaining products of the goods, humans appeared in the form of objects. With the increasingly large transaction volume, some items were found to be relatively high, and the volume was relatively small. The glittering gold in nature has become the common choice of most residents. Due to the particularity of metal, gold has also acted as a currency exchange in human history until the advent of the paper age.
but with banknotes, gold will also be stored as a currency, also known as the gold standard system. It was not until the 1970s that the US dollar and gold were decoupled, and the era of the golden system was announced. But gold is also the most valuable currency form. Now we no longer use gold to buy things, but we can treat gold as a form of asset value preservation.
The world economy does not improve, and gold will still rise
Golden generally related to the negative correlation of economic growth. If everything is prosperous, the price of gold will decrease because everyone does not need to take down As an asset reserve, gold can be replaced with money into the capital market for investment, but on the contrary, if there is a problem with the world economy or even the crisis, gold will be used as the form of asset preservation. The dangerous attributes, so the more pessimistic the economy, the higher the price of gold, so the ancestors summarized such a saying "The Grand Tibetan antiques, buying gold in troubled times."
The world's other countries in the world have fallen into the economic crisis, so the price of gold is very strong at present, and with the development of the epidemic, the price of gold is still higher and higher. The crisis, and there are no signs of improvement in this crisis.
Humans' obsession with gold began with some unique qualities of gold itself. First, gold is scarce. Although gold mines are distributed around the world, no place can easily minimize. Discovering and producing gold requires great efforts. The gold produced by the ancient Egyptians does not exceed more than ton. The annual output of global mineral gold in the world is only tons. This shows that gold itself is extremely precious. Gold evolved from general goods to special products with currency utility, and then evolved into currency intermediaries with product value. Finally, it became a financial instrument that could be ignored regardless of product utility or actual currency utility. Throughout the history of currency, we know that gold has high value before being used as currency. The use of gold as a circulation medium acknowledges the high value of gold, but does not increase its use value. The value of gold is mainly reflected in decorative and scarcity.
has been increasing in prices this year, there are the following reasons.
First, the US dollar is weak. The status of the US dollar in the international currency system and the exchange rate of the US dollar to the currency of the major countries affect spot gold prices. Generally speaking, the US dollar is strong, the exchange rate of the US dollar is high, the demand for gold is low, and when the US dollar is weak and the exchange rate is low, the demand for gold will increase. Gold prices rose. As investors use gold as an investment tool for hedging inflation, the purchasing power of the US dollar and the decline in the US dollar exchange rate will increase the demand for gold preservation of gold, thereby pushing up the price of gold. On the other hand, with the unchanged price of gold and USD, the decline in the exchange rate of the US dollar will reduce the gold price of currencies in various countries, thereby increasing the demand for the gold manufacturing industry, especially the demand for jewelry and jewelry, and the role of gold prices.
Secondly, the inflation rate and price level affect the gold price. In the long run, under the influence of rising prices, the price of gold has also changed the same. The inflation rate is particularly prominent on the price of gold. In the long run, in the macro background of rising prices and intensified inflation, gold prices will rise; this year's inflation rate is higher, so gold prices have been growing. On the contrary, when prices fall, gold prices will decline accordingly.
Because gold is related to the trend of economic growth, if the economic development is good, the price of gold will fall down. This year, due to the impact of the epidemic, countries around the world have fallen into the economic crisis. All countries outside China have carried out negative economic predictions, leading to the rise in gold prices.
It dollar performance. The status of the US dollar in the international currency system and the exchange rate of the US dollar to the currency of the major countries affect spot gold prices. Generally speaking, the US dollar is strong, the exchange rate of the US dollar is high, the demand for gold is low, and when the US dollar is weak and the exchange rate is low, the demand for gold will increase. Gold prices rose.
Ir's investment tools for hedging inflation, the purchasing power of the US dollar and the decline in the US dollar exchange rate will increase the investor's demand for gold preservation, thereby pushing up the price of gold. On the other hand, with the unchanged price of gold and USD, the decline in the exchange rate of the US dollar will reduce the gold price of currencies in various countries, thereby increasing the demand for the gold manufacturing industry, especially the demand for jewelry and jewelry, and the role of gold prices.
In fact, there are two aspects of gold prices in this year.
The on the one hand, the rise in gold prices has increased with a interest rate reduction in the United States. In 1944, the US dollar was linked to gold because of the Bretton Forest system. The impact did not disappear.
On the other hand, global economic growth has gradually slowed down, and the market will seek high -quality insurance assets such as gold to reserve, leading to rising gold prices.
The biggest motivation for rising gold prices often comes from the consumer demand for the public. The epidemic affects the production of gold decreased, and the price naturally rises.