Why is the price increase so powerful?
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Why is the price increase so powerful?
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First, the war and turmoil in the international situation
Gold are internationally recognized trade medium.
In the development of the international monetary system, the second half of the 19th century -the First World War in 1914, experienced the period of gold. Gold is one of the most important products of risk aversion.
During the evidence of war and turmoil, social and economic development was restricted, and people would buy gold to avoid risk, which led to a sharp rise in gold prices. As the saying goes, the gun rang, and the gold got two thousand.
Secondly, the World Financial Crisis
Gold is recognized as a refuge in the world in the world. When the financial system is unstable and the financial crisis has a great impact, the prices of gold rose immediately.
The depreciation of the US dollar
MD and gold are important reserve assets in the international market, which can be said to be two opposite indicators. If the US dollar performs well, the trend of gold will be weakened. Therefore, when the US dollar depreciates, it is likely to indicate that the price of gold rises
Fourth, the higher the inflation
The higher the inflation rate, the weaker the purchasing power of the currency, that is, you can only use the same as Buy less money.
Extension information:
Gold (GOLD) is a single -quality form of chemical element gold (AU). It is a soft, golden, corrosive precious metal. Gold is one of the rare, precious and extremely valued metals.
The international gold is generally based on ounces. In ancient China, "two" was used as a gold unit, and it was a very important metal. It is not only a special currency for reserves and investment, but also an important material for the jewelry, electronics, modern communications, aerospace and air industry and other departments.
The chemical symbols of gold are AU, and the English code in finance is XAU or GOLD. The name of the AU comes from a story of Aurora, a goddess of dawn in Roman mythology, means shining dawn.
As of October 12, 2021, the price of gold was $ 1760/ounce.
Chat statistics released by the China Gold Association recently showed that in the first half of 2015, the national gold production was 228.735 tons, an increase of 17.662 tons over the same period in 2014, an increase of 8.37%year -on -year. Among them, 191.689 tons were completed in gold minerals, and the non -ferrous by -yield gold was 37.046 tons.
At the same time, China's gold consumption declined. In the first half of 2015, the national gold consumption was 561.35 tons, a decrease of 8.10 tons compared with the same period in 2014, a decrease of 1.42%. Among them, the use of gold manufacturing 412.29 tons, a decrease of 3.26%year -on -year, 102.13 tons of gold and gold coins, and 46.93 tons of industrial and other gold use.
"Analysis Report on the Organization of China's Gold Industry Market Prospective and Investment Strategic Planning" shows that from April 2013 to mid -2015, the international gold price has been in a downturn after a sharp decline.
From the perspective of the global economic situation, the world economic growth rate may rise slightly in 2015, but the overall recovery situation is difficult to significantly change. Large, there are still many uncertain factors.
Moly strengthened by the US dollar, the prices of gold and non -ferrous metals, petroleum and other commodities in 2015 will operate at a low level. The low price of gold in the next few years may become a "new normal".
On August 1, 2019, a report released by the World Gold Association on the 1st shows that in the first half of 2019, global gold demand increased by 8%year -on -year to 2181.7 tons, a new high in the same period in the past three years.