5 thoughts on “Gold broke the record high. How much is the gold price now?”
Claire
12020 the gold price has ushered in a wave of obvious upward trend
Data source: Dongfang wealth website
since the outbreak of the epidemic in Europe and America in March this year, the gold price has been steadily rising, starting from more than 1700 US dollars and rising to more than 2000 US dollars. From the above figure, we can see that before the outbreak of the epidemic, polygonatum flavescens had been in an obvious fluctuation range between 1700 US dollars and 1800 US dollars for nearly two months, After breaking through 1815 points, there was a wave of rapid rise, which rose to more than $2000 in 13 trading days
after reaching the high of 2000 points, there was another wave of killing. At present, the gold price is around 1860 2. Main driving factors for the rise of gold price:
1. The outbreak of the epidemic in Europe and America has made gold a safe haven asset
whenever there is economic turbulence caused by an unexpected event, gold, as the best hedging tool at present, will usher in an upward trend
the epidemic in the United States has been out of control. Although it has been forced to return to work, it seems that this kind of damage to the economic cycle and the impact on the future economic confidence will greatly reduce the role of various economic rescue actions in the United States. Employment and consumption will be weak, and inflation will continue to deteriorate
in this case, the firmness of the US dollar is doubted, so the US dollar loses its role and demand for risk avoidance and turns to seek gold for risk avoidance. therefore, the demand for gold increases, pushing up the gold price
the US dollar weakened and gold strengthened
2. The central bank released water and the liquidity was sufficient
the European and American central banks, represented by the Federal Reserve, have continuously implemented several rounds of economic assistance policies and monetary easing policies
since the end of March, the Federal Reserve has even started to implement the quantitative easing policy without quotas. In just over a month, it seems that the market has put in 2 trillion US dollars of liquidity
the European Central Bank also followed the pace of the Federal Reserve and continued to implement the low interest rate policy
liquidity in the market will choose some investment channels in order to maintain its value. This is also the reason why gold and US stocks are hitting record highs despite the uncontrolled epidemic in the United States this year
3. Geopolitical tension
under the pandemic, there is an increasingly tense geopolitical situation. From Iran to Venezuela at the beginning of the year to East Asia, the situation is getting more and more tense. UN Secretary General Guterres said a few days ago that the geopolitical tension is at "the highest level of this century"
gold is the so-called hard currency in the world. It is easy to carry, easy to realize and easy to pay. It has always been the best choice in troubled times. Therefore, there is a saying that gold is bought in troubled times
geopolitical tension is at the "highest level of this century"
4. Speculative sentiment
at present, gold is not only the existence of value preservation, but also an important investment variety in the international investment market. There are many speculative funds in it for price difference operation
when gold shows an obvious upward trend, it will attract many speculators to buy it, which will further push up the price of gold
summary:
there is no single rise and fall cycle for any investment variety. the future trend of gold depends on the control of the epidemic in Europe and the United States, the adjustment of economic policies and the relaxation of geopolitics
do you really know the reason why the international spot gold price has "soared" all the way and even exceeded the historical high
gold is not only a daily consumable used for jewelry, electronics and aerospace, but also a special currency used for reserve and investment. Gold is a very good financial product at present, because the price of gold has been slowly increasing since it was included in the precious metal products for investment and financial management. The role of gold is to maintain the value. When the currency depreciates, many people will choose to invest in gold to maintain the value of money. So what is the reason why the international spot gold price is "soaring" all the way and even breaking the historical high
I. reasons for the "soaring" of the international spot gold price
at 14:18:56 on July 29, 2020, the real-time price of gold 9999 au9999.sge was 427.6 yuan / g, which is the "highest" in history. What causes the gold price to become so high today? This needs to be analyzed from the beginning. First, the price of gold is affected by many aspects. As a daily consumable, its price is affected by the relationship between demand and supply. When the market demand increases, the price will rise slightly, and when the supply exceeds the demand, it will fall slightly. This rise and fall is in line with the market law, However, the market uncertainty in the international community is the main reason for the "skyrocketing" of the gold price, because this is the so-called "golden antiques in the prosperous times and gold in the troubled times". The international community is in turmoil and the currency depreciates, so the price of gold that keeps its value rises
Second, is it still suitable for investment with the price of gold rising so high
the reason why the price of gold has soared all the time is due to the uncertainty of the market. Therefore, the price of gold is not stable. Therefore, the risk of another entry investment at this time will be greater, so it is no longer suitable for investment. This article does not constitute any investment proposal. There are risks in investment, and it is necessary to be cautious in entering the market
The price of gold has reached a new historical peak. The current price of gold is 427.6 yuan per gram. Gold is not only used as jewelry in people's daily life, but also a very rational financial product at present.
During this period, the price of gold and silver has risen very fast. In the futures market and the spot market, gold has shown a rocket like rising speed. The price of gold reached a nine-year record of $1945.16 per ounce.
12020 the gold price has ushered in a wave of obvious upward trend
Data source: Dongfang wealth website
since the outbreak of the epidemic in Europe and America in March this year, the gold price has been steadily rising, starting from more than 1700 US dollars and rising to more than 2000 US dollars. From the above figure, we can see that before the outbreak of the epidemic, polygonatum flavescens had been in an obvious fluctuation range between 1700 US dollars and 1800 US dollars for nearly two months, After breaking through 1815 points, there was a wave of rapid rise, which rose to more than $2000 in 13 trading days
after reaching the high of 2000 points, there was another wave of killing. At present, the gold price is around 1860 2. Main driving factors for the rise of gold price:
1. The outbreak of the epidemic in Europe and America has made gold a safe haven asset
whenever there is economic turbulence caused by an unexpected event, gold, as the best hedging tool at present, will usher in an upward trend
the epidemic in the United States has been out of control. Although it has been forced to return to work, it seems that this kind of damage to the economic cycle and the impact on the future economic confidence will greatly reduce the role of various economic rescue actions in the United States. Employment and consumption will be weak, and inflation will continue to deteriorate
in this case, the firmness of the US dollar is doubted, so the US dollar loses its role and demand for risk avoidance and turns to seek gold for risk avoidance. therefore, the demand for gold increases, pushing up the gold price
the US dollar weakened and gold strengthened
2. The central bank released water and the liquidity was sufficient
the European and American central banks, represented by the Federal Reserve, have continuously implemented several rounds of economic assistance policies and monetary easing policies
since the end of March, the Federal Reserve has even started to implement the quantitative easing policy without quotas. In just over a month, it seems that the market has put in 2 trillion US dollars of liquidity
the European Central Bank also followed the pace of the Federal Reserve and continued to implement the low interest rate policy
liquidity in the market will choose some investment channels in order to maintain its value. This is also the reason why gold and US stocks are hitting record highs despite the uncontrolled epidemic in the United States this year
3. Geopolitical tension
under the pandemic, there is an increasingly tense geopolitical situation. From Iran to Venezuela at the beginning of the year to East Asia, the situation is getting more and more tense. UN Secretary General Guterres said a few days ago that the geopolitical tension is at "the highest level of this century"
gold is the so-called hard currency in the world. It is easy to carry, easy to realize and easy to pay. It has always been the best choice in troubled times. Therefore, there is a saying that gold is bought in troubled times
geopolitical tension is at the "highest level of this century"
4. Speculative sentiment
at present, gold is not only the existence of value preservation, but also an important investment variety in the international investment market. There are many speculative funds in it for price difference operation
when gold shows an obvious upward trend, it will attract many speculators to buy it, which will further push up the price of gold
summary:
there is no single rise and fall cycle for any investment variety. the future trend of gold depends on the control of the epidemic in Europe and the United States, the adjustment of economic policies and the relaxation of geopolitics
do you really know the reason why the international spot gold price has "soared" all the way and even exceeded the historical high
gold is not only a daily consumable used for jewelry, electronics and aerospace, but also a special currency used for reserve and investment. Gold is a very good financial product at present, because the price of gold has been slowly increasing since it was included in the precious metal products for investment and financial management. The role of gold is to maintain the value. When the currency depreciates, many people will choose to invest in gold to maintain the value of money. So what is the reason why the international spot gold price is "soaring" all the way and even breaking the historical high
I. reasons for the "soaring" of the international spot gold price
at 14:18:56 on July 29, 2020, the real-time price of gold 9999 au9999.sge was 427.6 yuan / g, which is the "highest" in history. What causes the gold price to become so high today? This needs to be analyzed from the beginning. First, the price of gold is affected by many aspects. As a daily consumable, its price is affected by the relationship between demand and supply. When the market demand increases, the price will rise slightly, and when the supply exceeds the demand, it will fall slightly. This rise and fall is in line with the market law, However, the market uncertainty in the international community is the main reason for the "skyrocketing" of the gold price, because this is the so-called "golden antiques in the prosperous times and gold in the troubled times". The international community is in turmoil and the currency depreciates, so the price of gold that keeps its value rises
Second, is it still suitable for investment with the price of gold rising so high
the reason why the price of gold has soared all the time is due to the uncertainty of the market. Therefore, the price of gold is not stable. Therefore, the risk of another entry investment at this time will be greater, so it is no longer suitable for investment. This article does not constitute any investment proposal. There are risks in investment, and it is necessary to be cautious in entering the market
The price of gold has reached the historical highest value of 427.6 yuan / g. buying gold is like buying a house, and it is especially valuable.
The price of gold has reached a new historical peak. The current price of gold is 427.6 yuan per gram. Gold is not only used as jewelry in people's daily life, but also a very rational financial product at present.
During this period, the price of gold and silver has risen very fast. In the futures market and the spot market, gold has shown a rocket like rising speed. The price of gold reached a nine-year record of $1945.16 per ounce.