5 thoughts on “Why is the price of gold rising so powerful”
Dean
There are many factors on the rise of gold. Specific factors include war and international situation turbulence, world financial crisis, depreciation of the US dollar, inflation, rising international oil prices, decline in interest rates, and good economy. This response time: 2020-10-13, please refer to the official website of Ping An Bank.
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The reason for the two gold prices in history: 1, from 1972 to 1980, rose from $ 44 / ounce to $ 589 / ounce. The gold non -monetization brought about by the disintegration of the Bretton Forest system, the act of adding gold reserves and the expanding gold trading group with the main European and Japanese central banks, has become an important force to promote the rise in gold prices. 2, from 2002 to 2012, rose from $ 278 to $ 1664, during which the peak value was $ 1895 / ounce, an increase of 450 %. The investment demand represented by the emergence and development of the gold ETF broke out. The rising costs of gold minerals and the total supply of gold minerals was basically the same, and together became an important factor in promoting the price of gold. The expansion information: The important reference indicators of international gold prices are two, and the trend of the two is high. We analyzed the early spot gold in London. The gold reserves with US dollars and central banks. With the adjustment of the international trade structure, some countries including Russia have begun to go to the US dollar. BRICS -China, India, and Turkey have also increased their gold to varying degrees and reduced US Treasury bonds. This trend is still continuing. If increases of gold holdings of central banks means that the supply and demand structure in demand has changed, which may continue to increase the gold price slightly in the future.
Why is the price of gold jewelry so much during this period of time? Industry insiders tell you n00:00 / 03: 5670% shortcut keys to describe space: Play / pause ESC: Exit full screen ↑: increase volume 10% ↓: decreases by 10% →: Single fast forward 5 seconds studio Here you can drag no longer appear in the player settings to reopen the small window shortcut key description
Why is gold so expensive? Original Video: YouTube @BUSINESS Insider
n00:00 / 06: 2870% shortcut keys to describe space: Play / suspend ESC: exit full screen ↑: increased by 10% ↓: reduced volume decrease by 10% →: single fast forward 5 seconds ←: single fast retreat 5 seconds Press hold up and hold it up. Here you can drag no longer appear in the player settings to reopen the small window shortcut key description
There are many factors on the rise of gold. Specific factors include war and international situation turbulence, world financial crisis, depreciation of the US dollar, inflation, rising international oil prices, decline in interest rates, and good economy.
This response time: 2020-10-13, please refer to the official website of Ping An Bank.
[Ping An Bank I know] Want to know more? Come and see "Ping An Bank, I know" ~
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The reason for the two gold prices in history:
1, from 1972 to 1980, rose from $ 44 / ounce to $ 589 / ounce. The gold non -monetization brought about by the disintegration of the Bretton Forest system, the act of adding gold reserves and the expanding gold trading group with the main European and Japanese central banks, has become an important force to promote the rise in gold prices.
2, from 2002 to 2012, rose from $ 278 to $ 1664, during which the peak value was $ 1895 / ounce, an increase of 450 %. The investment demand represented by the emergence and development of the gold ETF broke out. The rising costs of gold minerals and the total supply of gold minerals was basically the same, and together became an important factor in promoting the price of gold.
The expansion information:
The important reference indicators of international gold prices are two, and the trend of the two is high. We analyzed the early spot gold in London.
The gold reserves with US dollars and central banks. With the adjustment of the international trade structure, some countries including Russia have begun to go to the US dollar. BRICS -China, India, and Turkey have also increased their gold to varying degrees and reduced US Treasury bonds. This trend is still continuing.
If increases of gold holdings of central banks means that the supply and demand structure in demand has changed, which may continue to increase the gold price slightly in the future.
Why is the price of gold jewelry so much during this period of time? Industry insiders tell you
n00:00 / 03: 5670% shortcut keys to describe space: Play / pause ESC: Exit full screen ↑: increase volume 10% ↓: decreases by 10% →: Single fast forward 5 seconds studio Here you can drag no longer appear in the player settings to reopen the small window shortcut key description
Why is gold so expensive? Original Video: YouTube @BUSINESS Insider
n00:00 / 06: 2870% shortcut keys to describe space: Play / suspend ESC: exit full screen ↑: increased by 10% ↓: reduced volume decrease by 10% →: single fast forward 5 seconds ←: single fast retreat 5 seconds Press hold up and hold it up. Here you can drag no longer appear in the player settings to reopen the small window shortcut key description
Part of the reason is from the fluctuation of the early stage of the stock market and the influence of recent US debt.
These are factors that directly affect the rise in gold prices.