3 thoughts on “What are the regularity of domestic gold prices and international gold prices since the opening of the Shanghai Gold Exchange”
Delbert
First, we hear and see gold in our lives: gold jewelry, gold jewelry, commemorative gold coins, New Year's gold bars, standard gold bars, paper gold, etc. ● The main purpose and function of gold, 1. Used for international reserves 2. 3． 4. Use as jewelry decoration 5. Application of industrial technology ● The gold market of the world gold market has developed into an uninterrupted international market. Within 24 hours, there are uninterrupted transactions. The international gold market has formed a global 24-hour gold trading system, which is converted into the Sydney market in Beijing time: 7:00 am-3:00 pm on the day of the Hong Kong market: 10:00 am-6:30 pm on the day of London Market: 4: PM: 00- The New York Market at 1:00 the next day: 9:20 pm at 3: 40 in the morning ● The founding of my country's gold market in the early days of the founding of the country: strict control, gold ore state ownership, and implementing gold unified prices. 1957: The gold management system of unified purchase is implemented, gold production is included in the national plan, and the industry implements centralized management. 1993: The gold industry entered the reform stage. The central bank adjusted domestic gold prices based on the changes in international gold prices, and gold companies began to manage independently. April 2001: Dai Xianglong, President of the People's Bank of China, announced the cancellation of the planning and management system of the "unified purchase" of gold and set up a gold exchange in Shanghai. June 2001: The central bank officially launched the gold price week quotation system to adjust domestic gold prices based on changes in international market prices. October 30, 2002: The Shanghai Gold Exchange officially opened, and the Chinese gold market was fully open. The official opening of the Shanghai Gold Exchange announced that the trading markets of major financial products in my country have been completed. The gold market and the currency market, the securities market, the insurance market, and the foreign exchange market together constitute the financial market system for the socialist market economy. September 30, 2004: Zhou Xiaochuan, governor of the People's Bank of China, delivered a speech at the London Annual Conference. The Chinese gold market will gradually realize the "three changes" in the future: First, the realization of China's gold market from commodity transactions to financial transactions to financial transactions The transformation of the main is; the second is the transformation of China's gold market from spot transactions to derivatives. The third is to realize the transformation of China's gold market from the domestic market to the international market. July 18, 2005: The gold transaction of the Shanghai Gold Exchange was officially opened to individuals ● Several existing gold investment products on the Chinese market commemorative gold coins. ——The middle -aged and elderly artistic financial manager of the postal or collectible market for the postal or collection market: Gold jewelry of the middle -aged and elderly financial management personnel: physical delivery, has a collection function, poor monetization ability, high transaction costs, and easy to damage -suitable for female investors who love jewelry for jewelry Buying and selling: physical delivery, good circulation, need to pay for custody, identification, etc., and the transaction costs are also high -suitable for the rich people with more idle people's paper gold business: voucher -based trading, strong monetization ability, transaction cost Low, low income, one -way operation -suitable for financial management person who does not have the energy to pay attention to investment, the gold spot delayed credit business: voucher -based trading, margin transaction, high income, two -way operation -suitable for being keen on the financial market Continuous transactions, investment profitables, are willing to pay for investors who often pay attention to gold ● The main reasons for the continued rise in gold prices in recent years are: world political situation turbulent terrorist depreciation in the US "double red" crude oil prices have fluctuated violently to rise violently The central banks of various countries continue to increase the natural disasters of gold reserves frequently: tsunami, hurricane economic instability factors: financial scandal, continuous strike high -risk epidemic dissemination: SARS, avian influenza, about gold delayed credit business ● Quality level: refers to purity level AU99.99 % of gold products, about 31.1035 grams per ounce, valuation, RMB settlement. ● Quantity: The number of transactions is 1 hand = 100 ounces in international gold transaction standards. ● Price: Based on Dow Jones Moneyline's gold quotation as a reference basis. ● Characteristics of gold delayed settlement business: 1. T 0 transaction rules: allow the liquidation of the day and allow investors to conduct multiple transactions. 2. Fund leverage: Plums through the deposit mode to increase the utilization rate of funds and reduce the transaction threshold. 3. Quotation: Directly based on the Dow Jones Instant Quotation System as the transaction basis, and the US dollar/ounce price is fast and intuitive. 4. Trading time: 24 -hour trading period covers the most transaction volume in Europe and America, to increase profit opportunities. The transaction time is loose, the transaction method is convenient, and it does not conflict with the working hours and place, which is especially suitable for the working family. 5. Skill mechanism: Regardless of whether the general trend is rising or falling, there is a chance to make a profit. 6. Transaction method: fast and convenient transaction, easy to learn. Customers mainly use the online transaction system to place an order, or they can also commission the call. The company also provides a market analysis system and a SMS quotation platform. Gold investment varieties comparison varieties Gold investment Golden treasure (Bank of China) Golden experts (Industrial and Commercial Bank of China) trading methods through the company's gold deposits and transaction terminals, using telephone or online transactions to entrust the Industrial and Commercial Bank of China to use Shanghai to use Shanghai Gold Exchange's network price system adopts real -time consolidation with international spot gold price. Enter: No less than 10 hands for sale: not less than 1 hand (100 grams/hand) transaction threshold for a minimum of 100,000 yuan, about 1,000 yuan, about 100,000 yuan, which is very good. : 30 better: The trading period is the business hours of Bank of China: the transaction rate of the Shanghai Gold Exchange transaction rate is 1.5 ‰ of the unilateral Shanghai market. The twenty -first trading model of 10,000 is a city -based business. The deposit model: the high use rate (the transaction is completed between the investor and the gold merchant) to do the city's business. Completion of the gold merchants) matching, full trading model: low fund utilization rate (completed between investors) The smallest physical extraction of the physical delivery of the Shanghai disk is 3 kg, and after the physical gold extraction, you can do the spot on the exchange on the exchange. trade. Without physical access, investors cannot see the minimum gold withdrawal of gold is 1 kg. After the physical gold extraction cannot be sold back to the exchange. 3. Analysis of the trend of the gold market ● The main factors (fundamental profile) of the change of gold price changes (fundamental introduction) A. Supply factors: 1. Ground gold stock, annual supply, gold ore mining costs; Situation; 3. The central bank's gold selling. B: Demand factors: 1. Consumption of gold products in various countries, industrial needs; 2. Demand for hedging and preservation; speculators, large investment funds C: other factors: 1. Foreign exchange trend and monetary policy of various countries; 2. change of crude oil prices; 3 , International Political Bureau turmoil; 4. major emergencies: war, natural disasters, terrorist attacks, epidemic diseases. ● Risk control and operation rules Light position: up to 30%of funds for trading trend: Use the K -line moving average to look at the big trend to place an order, do not operate too frequently. Stop loss: Save the strength of the capital and strictly implement the advantages of the stop loss gold spot. It is safe than the stock. 1. Fund security: through Alipay to achieve third -party depository management, the company must not withdraw a penny from Alipay. 2. Real account: Free account opening. 3. Low commissions: 10 ounces of 48 yuan, 100 ounces of 480 yuan. 4. A magnitude of magnitude: 60 times the sale and sale on the day, that is, 10,000 yuan, and can mobilize the funds of 600,000 for firing. 5. Simulation account: You can first open analog account (free), familiar with trading rules, practice soldiers, and feel that you have a confidence and then invest in real gold operation; 6. Convenient transaction: online transactions, from 8:00 to 03:00 the next day. Generally, there is a big market after the opening of the United States at 8:30 in the evening. Tired. 7. Online transactions, safe, fast, convenient. 8. Thoughtful service: In terms of operation, investment strategies, we will have investment consultants to follow up at any time, communicate online, and strive for customers to the maximum benefits. 9. Metalness, gold transactions are global, market for 20 o'clock. T O transactions, transactions become cash and exchange gold bars, gold coins, and BRICS at any time. 10. Operation methods are 1. Online transactions 2. Telephone entrusted transaction gold prices rose directly without firing money. Do not regret not frying gold. From January this year, the international gold price of the New York market continuously refreshed the record. The price of international spot gold closed on Friday (April 21) to close $ 633.65 per ounce in the New York market, an increase of $ 34.20 from 599.45 US dollars per ounce in the previous Friday, an increase of 5.71%, which created October 1, 1999 The largest weekly increase in the week. The reporter flipped through the relevant information and found that the highest return on gold investment in 2005 reached the highest or even 20%. From the long -term trend judgment, the price of gold will still rise without slowing down. Faced with such a good "golden bull market", almost all the gold will regret without investing in gold, but it will regret it without "ordering gold". ◎ If you have money, you may wish to invest in the latest statistics from the World Gold Association. It shows that at present, the purchase volume of my country's per capita golden years is about 0.2 grams, which is far lower than the level of 10 grams per capita per capita in other countries and regions of Asia, of which investment accounts for smaller investment. "If you have money, you may wish to make a little gold investment." Zheng Lianghao, managing director of the Far East District of the World Gold Association, suggested. However, people in the industry remind investors: investing in gold avoid the trend, especially as the main investment product of family financial management. Personal and families must do strong investment in gold, and decide the proportion of gold assets based on their own risk tolerance and funding. ◎ The investment ratio should not be too high, and Zang Xiaolei, a financial manager of the Henan Branch of Henan Province, said that investment gold must also pay attention to various factors that affect the price of gold and control the proportion of investment to avoid risks. Due to the price of gold in the US dollar, the US dollar rose, gold rose, US dollar fell, and gold fell. Therefore, the US dollar trend became a vane for judging the trend of gold. In addition to a variety of basic factors that affect the price of gold, speculative demand is also an important impact factors affecting the price of gold. Spellers often use the gold price fluctuations in the gold market, artificially create the illusion of gold demand, and investors need to carefully distinguish. For gold investors, the investment ratio must be controlled to avoid risks. As part of a diversified investment portfolio, the proportion of gold should not be too high, and 10%of investment funds are more suitable. ◎ Select the right variety to invest in moderation. Some people mistakenly think that buying gold jewelry is investment gold. Insiders Wu Quanwei said that from the perspective of investment, gold jewelry is mainly reflected in the value of ornamental and should not be used as an investment. Because of the gold jewelry bought by consumers, the price will often predict the price of 20%to 30%on the basis of the price of gold raw materials, and its income risk ratio is also worse. A person from the Ministry of Gold by the Bank of China Henan Branch said that investing in gold is important to choose a variety suitable for you. At present, there are many types of gold products on the market, mainly in the following: investment gold bars and gold blocks: Due to the small processing costs, not high additional expenses (mainly commissions, etc.), the monetization is very good, which is convenient for buying and selling. The disadvantage is that there are more cash and custody. Suitable for objects: more idle funds can be long -term investors; those who are not in the short -term fluctuations in gold prices; those who prefer traditional gold investment products. Pure gold coins: Investing in pure gold coins should pay attention to whether the gold coins are cast with denominations. Generally, the value of pure gold coins with denominations is high. The advantage of investing in pure gold coins is that there is a large choice and good monetization. The disadvantage is that the difficulty is more difficult than the gold bar. Suitable for objects: Investment funds can be flexibly controlled. Gold and silver commemorative coins: Gold and silver commemorative coins are the key investment varieties of coin enthusiasts. The advantages are the selection of materials, high process design standards, and small circulation. The disadvantage is that the premium in the secondary market is generally high. Suitable for objects: Those who pay more attention to the value of gold coins and understand the gold and silver commemorative currency. Paper Gold: Also known as "accounting gold", it is a virtual gold on the book. Generally, physical gold cannot be extracted, nor does it need to pay taxes. The advantage is that the operation is simple and fast, the use of funds is high, the handling fee is low, and the handling fee is not needed. It is the main form of investing in funds. The disadvantage is that the short -term speculation is difficult. Suitable for objects: Time to study the trend of the golden quotation, time to perform specific operations, and want to obtain the difference frequently through the change of gold prices. The connection between the three gold and dollar oil? Petroleum and gold are the relationship between the continuous motivation. .. And gold will also follow the footsteps of oil prices; second, the international situation is unstable, so reserves crude oil, and the price of buyers will naturally go up. Become a staged inevitable; gold and crude oil settlement units are all US dollars, and the price of the US dollar exchange rate rises; the price of the US dollar exchange rate falls, the price of gold rose in gold and gold and oil in gold and oil When gold falls, the US dollar is often on the way, and gold is negatively related to the majority of the year. Why can the dollar affect the gold price so strong? There are three main reasons: First, the US dollar is the pillar of the current international currency system. The US dollar and gold are the most important reserve assets. The strong and stability of the US dollar will weaken gold as a reserve asset and value preservation function. Secondly, the US GDP still accounts for 1/4 of the world's GDP. The total foreign trade is the first in the world. The world economy is deeply affected by it. The price of gold is obviously a counter -proportion relationship with the world economy. Third, the world's gold market is generally bid at the US dollar, so the depreciation of the US dollar will inevitably lead to rising gold prices. For example, at the end of the 20th century, the price of gold entered a trough, and people threw out gold, which had maintained growth with the US economy for 100 months, and the US dollar was closely related. As the world's largest oil consumer and net importing countries in the world, the rise in oil prices will undoubtedly have a negative impact on the US economy and lead to fluctuations in the actual exchange rate of the US dollar. From the historical situation, the previous oil crisis has caused the decline in the US economy and is the main reason for the actual exchange rate fluctuations in the US dollar. However, the analysis of the actual exchange rate trend of the US dollar will be different from the aforementioned analysis of ordinary oil importing countries. The main reason is that international oil transactions are denominated and settled in the US dollar. The rise in oil prices means that the demand for the US dollar payment is increased. Therefore It is still possible to continue to maintain the status of strong currency, so that the analysis is complicated. Scholars' theoretical research and empirical analysis show that the fluctuation of oil prices is the main factor that causes the actual exchange rate of the US dollar. In general, the sharp rise in oil prices mainly affects the nominal exchange rate of the US dollar through the following three channels, thereby affecting the fluctuation of the actual exchange rate level of the US dollar. First of all, the rise in oil prices will comprehensively increase the cost of production and living costs, which will lead to the rise in inflation levels. Inflation will increase the demand for nominal currency demand to rise, which will attract more foreign capital to flow into the United States. The inflow of foreign capital will lead to the rise in the exchange rate of the US dollar. At the same time, the domestic monetary policy in the United States often strengthens the appreciation process of the US dollar. Fed often adopts a tightening monetary policy such as improving interest rates at the beginning of the rise in oil prices to control the level of inflation. This increase in interest rate levels will attract more Many foreign capital inflows have led to the rise in the name exchange rate of the US dollar. Secondly, the rise in oil prices has made the trade surplus in the trade of oil exporting countries. The increase in foreign exchange reserves based on the US dollar is increased, generating the so -called "oil dollar". These petroleum dollars will enter a large number of US dollars assets from the needs of profit -seeking. This leads to the rise in the name exchange rate of the US dollar. Third, the continuous rise in oil prices will lead to the decline of the world economy and cause uncertainty of the international revenue and expenditure of oil importing countries. Therefore, these countries have improved the US dollar asset ratio in their foreign exchange reserves to maintain the stability of the exchange rate, which has further improved. The demand for the US dollar has led to the rise in the name exchange rate of the US dollar. Under the comprehensive effect of the above three aspects of influence mechanism, the US dollar has a rising nominal exchange rate level when the price of oil prices rises. In the case of rising nominal exchange rates, changes in the actual exchange rate level depend on the ratio of price levels in the United States to foreign prices. Because the US oil consumption is larger than other countries, the impact of rising oil prices on the general price level of the United States is greater than that of other countries. In this way, the rise of the relatively price level is consistent with the changes in nominal valid exchange rates. Therefore, when oil prices rise, the actual exchange rate level of the US dollar will rise.
First of all, the price of gold in the domestic market is also affected by international gold prices. The rise and fall trend of domestic gold prices and international gold prices is the same. However, the most important thing about the rise and fall of domestic gold prices is the influence of supply and demand and policies in the domestic market. Domestic gold prices are not simply converted according to international gold prices. The two of them are the same but not necessarily a proportion of rising or falling. Domestic gold futures are mainly determined by supply and demand. More.
First, we hear and see gold in our lives: gold jewelry, gold jewelry, commemorative gold coins, New Year's gold bars, standard gold bars, paper gold, etc. ● The main purpose and function of gold, 1. Used for international reserves 2. 3． 4. Use as jewelry decoration 5. Application of industrial technology ● The gold market of the world gold market has developed into an uninterrupted international market. Within 24 hours, there are uninterrupted transactions. The international gold market has formed a global 24-hour gold trading system, which is converted into the Sydney market in Beijing time: 7:00 am-3:00 pm on the day of the Hong Kong market: 10:00 am-6:30 pm on the day of London Market: 4: PM: 00- The New York Market at 1:00 the next day: 9:20 pm at 3: 40 in the morning ● The founding of my country's gold market in the early days of the founding of the country: strict control, gold ore state ownership, and implementing gold unified prices. 1957: The gold management system of unified purchase is implemented, gold production is included in the national plan, and the industry implements centralized management. 1993: The gold industry entered the reform stage. The central bank adjusted domestic gold prices based on the changes in international gold prices, and gold companies began to manage independently. April 2001: Dai Xianglong, President of the People's Bank of China, announced the cancellation of the planning and management system of the "unified purchase" of gold and set up a gold exchange in Shanghai. June 2001: The central bank officially launched the gold price week quotation system to adjust domestic gold prices based on changes in international market prices. October 30, 2002: The Shanghai Gold Exchange officially opened, and the Chinese gold market was fully open. The official opening of the Shanghai Gold Exchange announced that the trading markets of major financial products in my country have been completed. The gold market and the currency market, the securities market, the insurance market, and the foreign exchange market together constitute the financial market system for the socialist market economy. September 30, 2004: Zhou Xiaochuan, governor of the People's Bank of China, delivered a speech at the London Annual Conference. The Chinese gold market will gradually realize the "three changes" in the future: First, the realization of China's gold market from commodity transactions to financial transactions to financial transactions The transformation of the main is; the second is the transformation of China's gold market from spot transactions to derivatives. The third is to realize the transformation of China's gold market from the domestic market to the international market. July 18, 2005: The gold transaction of the Shanghai Gold Exchange was officially opened to individuals ● Several existing gold investment products on the Chinese market commemorative gold coins. ——The middle -aged and elderly artistic financial manager of the postal or collectible market for the postal or collection market: Gold jewelry of the middle -aged and elderly financial management personnel: physical delivery, has a collection function, poor monetization ability, high transaction costs, and easy to damage -suitable for female investors who love jewelry for jewelry Buying and selling: physical delivery, good circulation, need to pay for custody, identification, etc., and the transaction costs are also high -suitable for the rich people with more idle people's paper gold business: voucher -based trading, strong monetization ability, transaction cost Low, low income, one -way operation -suitable for financial management person who does not have the energy to pay attention to investment, the gold spot delayed credit business: voucher -based trading, margin transaction, high income, two -way operation -suitable for being keen on the financial market Continuous transactions, investment profitables, are willing to pay for investors who often pay attention to gold ● The main reasons for the continued rise in gold prices in recent years are: world political situation turbulent terrorist depreciation in the US "double red" crude oil prices have fluctuated violently to rise violently The central banks of various countries continue to increase the natural disasters of gold reserves frequently: tsunami, hurricane economic instability factors: financial scandal, continuous strike high -risk epidemic dissemination: SARS, avian influenza, about gold delayed credit business ● Quality level: refers to purity level AU99.99 % of gold products, about 31.1035 grams per ounce, valuation, RMB settlement. ● Quantity: The number of transactions is 1 hand = 100 ounces in international gold transaction standards. ● Price: Based on Dow Jones Moneyline's gold quotation as a reference basis. ● Characteristics of gold delayed settlement business: 1. T 0 transaction rules: allow the liquidation of the day and allow investors to conduct multiple transactions. 2. Fund leverage: Plums through the deposit mode to increase the utilization rate of funds and reduce the transaction threshold. 3. Quotation: Directly based on the Dow Jones Instant Quotation System as the transaction basis, and the US dollar/ounce price is fast and intuitive. 4. Trading time: 24 -hour trading period covers the most transaction volume in Europe and America, to increase profit opportunities. The transaction time is loose, the transaction method is convenient, and it does not conflict with the working hours and place, which is especially suitable for the working family. 5. Skill mechanism: Regardless of whether the general trend is rising or falling, there is a chance to make a profit. 6. Transaction method: fast and convenient transaction, easy to learn. Customers mainly use the online transaction system to place an order, or they can also commission the call. The company also provides a market analysis system and a SMS quotation platform. Gold investment varieties comparison varieties Gold investment Golden treasure (Bank of China) Golden experts (Industrial and Commercial Bank of China) trading methods through the company's gold deposits and transaction terminals, using telephone or online transactions to entrust the Industrial and Commercial Bank of China to use Shanghai to use Shanghai Gold Exchange's network price system adopts real -time consolidation with international spot gold price. Enter: No less than 10 hands for sale: not less than 1 hand (100 grams/hand) transaction threshold for a minimum of 100,000 yuan, about 1,000 yuan, about 100,000 yuan, which is very good. : 30 better: The trading period is the business hours of Bank of China: the transaction rate of the Shanghai Gold Exchange transaction rate is 1.5 ‰ of the unilateral Shanghai market. The twenty -first trading model of 10,000 is a city -based business. The deposit model: the high use rate (the transaction is completed between the investor and the gold merchant) to do the city's business. Completion of the gold merchants) matching, full trading model: low fund utilization rate (completed between investors) The smallest physical extraction of the physical delivery of the Shanghai disk is 3 kg, and after the physical gold extraction, you can do the spot on the exchange on the exchange. trade. Without physical access, investors cannot see the minimum gold withdrawal of gold is 1 kg. After the physical gold extraction cannot be sold back to the exchange. 3. Analysis of the trend of the gold market ● The main factors (fundamental profile) of the change of gold price changes (fundamental introduction) A. Supply factors: 1. Ground gold stock, annual supply, gold ore mining costs; Situation; 3. The central bank's gold selling. B: Demand factors: 1. Consumption of gold products in various countries, industrial needs; 2. Demand for hedging and preservation; speculators, large investment funds C: other factors: 1. Foreign exchange trend and monetary policy of various countries; 2. change of crude oil prices; 3 , International Political Bureau turmoil; 4. major emergencies: war, natural disasters, terrorist attacks, epidemic diseases. ● Risk control and operation rules Light position: up to 30%of funds for trading trend: Use the K -line moving average to look at the big trend to place an order, do not operate too frequently. Stop loss: Save the strength of the capital and strictly implement the advantages of the stop loss gold spot. It is safe than the stock. 1. Fund security: through Alipay to achieve third -party depository management, the company must not withdraw a penny from Alipay. 2. Real account: Free account opening. 3. Low commissions: 10 ounces of 48 yuan, 100 ounces of 480 yuan. 4. A magnitude of magnitude: 60 times the sale and sale on the day, that is, 10,000 yuan, and can mobilize the funds of 600,000 for firing. 5. Simulation account: You can first open analog account (free), familiar with trading rules, practice soldiers, and feel that you have a confidence and then invest in real gold operation; 6. Convenient transaction: online transactions, from 8:00 to 03:00 the next day. Generally, there is a big market after the opening of the United States at 8:30 in the evening. Tired. 7. Online transactions, safe, fast, convenient. 8. Thoughtful service: In terms of operation, investment strategies, we will have investment consultants to follow up at any time, communicate online, and strive for customers to the maximum benefits. 9. Metalness, gold transactions are global, market for 20 o'clock. T O transactions, transactions become cash and exchange gold bars, gold coins, and BRICS at any time. 10. Operation methods are 1. Online transactions 2. Telephone entrusted transaction gold prices rose directly without firing money. Do not regret not frying gold. From January this year, the international gold price of the New York market continuously refreshed the record. The price of international spot gold closed on Friday (April 21) to close $ 633.65 per ounce in the New York market, an increase of $ 34.20 from 599.45 US dollars per ounce in the previous Friday, an increase of 5.71%, which created October 1, 1999 The largest weekly increase in the week. The reporter flipped through the relevant information and found that the highest return on gold investment in 2005 reached the highest or even 20%. From the long -term trend judgment, the price of gold will still rise without slowing down. Faced with such a good "golden bull market", almost all the gold will regret without investing in gold, but it will regret it without "ordering gold". ◎ If you have money, you may wish to invest in the latest statistics from the World Gold Association. It shows that at present, the purchase volume of my country's per capita golden years is about 0.2 grams, which is far lower than the level of 10 grams per capita per capita in other countries and regions of Asia, of which investment accounts for smaller investment. "If you have money, you may wish to make a little gold investment." Zheng Lianghao, managing director of the Far East District of the World Gold Association, suggested. However, people in the industry remind investors: investing in gold avoid the trend, especially as the main investment product of family financial management. Personal and families must do strong investment in gold, and decide the proportion of gold assets based on their own risk tolerance and funding. ◎ The investment ratio should not be too high, and Zang Xiaolei, a financial manager of the Henan Branch of Henan Province, said that investment gold must also pay attention to various factors that affect the price of gold and control the proportion of investment to avoid risks. Due to the price of gold in the US dollar, the US dollar rose, gold rose, US dollar fell, and gold fell. Therefore, the US dollar trend became a vane for judging the trend of gold. In addition to a variety of basic factors that affect the price of gold, speculative demand is also an important impact factors affecting the price of gold. Spellers often use the gold price fluctuations in the gold market, artificially create the illusion of gold demand, and investors need to carefully distinguish. For gold investors, the investment ratio must be controlled to avoid risks. As part of a diversified investment portfolio, the proportion of gold should not be too high, and 10%of investment funds are more suitable. ◎ Select the right variety to invest in moderation. Some people mistakenly think that buying gold jewelry is investment gold. Insiders Wu Quanwei said that from the perspective of investment, gold jewelry is mainly reflected in the value of ornamental and should not be used as an investment. Because of the gold jewelry bought by consumers, the price will often predict the price of 20%to 30%on the basis of the price of gold raw materials, and its income risk ratio is also worse. A person from the Ministry of Gold by the Bank of China Henan Branch said that investing in gold is important to choose a variety suitable for you. At present, there are many types of gold products on the market, mainly in the following: investment gold bars and gold blocks: Due to the small processing costs, not high additional expenses (mainly commissions, etc.), the monetization is very good, which is convenient for buying and selling. The disadvantage is that there are more cash and custody. Suitable for objects: more idle funds can be long -term investors; those who are not in the short -term fluctuations in gold prices; those who prefer traditional gold investment products. Pure gold coins: Investing in pure gold coins should pay attention to whether the gold coins are cast with denominations. Generally, the value of pure gold coins with denominations is high. The advantage of investing in pure gold coins is that there is a large choice and good monetization. The disadvantage is that the difficulty is more difficult than the gold bar. Suitable for objects: Investment funds can be flexibly controlled. Gold and silver commemorative coins: Gold and silver commemorative coins are the key investment varieties of coin enthusiasts. The advantages are the selection of materials, high process design standards, and small circulation. The disadvantage is that the premium in the secondary market is generally high. Suitable for objects: Those who pay more attention to the value of gold coins and understand the gold and silver commemorative currency. Paper Gold: Also known as "accounting gold", it is a virtual gold on the book. Generally, physical gold cannot be extracted, nor does it need to pay taxes. The advantage is that the operation is simple and fast, the use of funds is high, the handling fee is low, and the handling fee is not needed. It is the main form of investing in funds. The disadvantage is that the short -term speculation is difficult. Suitable for objects: Time to study the trend of the golden quotation, time to perform specific operations, and want to obtain the difference frequently through the change of gold prices. The connection between the three gold and dollar oil? Petroleum and gold are the relationship between the continuous motivation. .. And gold will also follow the footsteps of oil prices; second, the international situation is unstable, so reserves crude oil, and the price of buyers will naturally go up. Become a staged inevitable; gold and crude oil settlement units are all US dollars, and the price of the US dollar exchange rate rises; the price of the US dollar exchange rate falls, the price of gold rose in gold and gold and oil in gold and oil When gold falls, the US dollar is often on the way, and gold is negatively related to the majority of the year. Why can the dollar affect the gold price so strong? There are three main reasons: First, the US dollar is the pillar of the current international currency system. The US dollar and gold are the most important reserve assets. The strong and stability of the US dollar will weaken gold as a reserve asset and value preservation function. Secondly, the US GDP still accounts for 1/4 of the world's GDP. The total foreign trade is the first in the world. The world economy is deeply affected by it. The price of gold is obviously a counter -proportion relationship with the world economy. Third, the world's gold market is generally bid at the US dollar, so the depreciation of the US dollar will inevitably lead to rising gold prices. For example, at the end of the 20th century, the price of gold entered a trough, and people threw out gold, which had maintained growth with the US economy for 100 months, and the US dollar was closely related. As the world's largest oil consumer and net importing countries in the world, the rise in oil prices will undoubtedly have a negative impact on the US economy and lead to fluctuations in the actual exchange rate of the US dollar. From the historical situation, the previous oil crisis has caused the decline in the US economy and is the main reason for the actual exchange rate fluctuations in the US dollar. However, the analysis of the actual exchange rate trend of the US dollar will be different from the aforementioned analysis of ordinary oil importing countries. The main reason is that international oil transactions are denominated and settled in the US dollar. The rise in oil prices means that the demand for the US dollar payment is increased. Therefore It is still possible to continue to maintain the status of strong currency, so that the analysis is complicated. Scholars' theoretical research and empirical analysis show that the fluctuation of oil prices is the main factor that causes the actual exchange rate of the US dollar. In general, the sharp rise in oil prices mainly affects the nominal exchange rate of the US dollar through the following three channels, thereby affecting the fluctuation of the actual exchange rate level of the US dollar. First of all, the rise in oil prices will comprehensively increase the cost of production and living costs, which will lead to the rise in inflation levels. Inflation will increase the demand for nominal currency demand to rise, which will attract more foreign capital to flow into the United States. The inflow of foreign capital will lead to the rise in the exchange rate of the US dollar. At the same time, the domestic monetary policy in the United States often strengthens the appreciation process of the US dollar. Fed often adopts a tightening monetary policy such as improving interest rates at the beginning of the rise in oil prices to control the level of inflation. This increase in interest rate levels will attract more Many foreign capital inflows have led to the rise in the name exchange rate of the US dollar. Secondly, the rise in oil prices has made the trade surplus in the trade of oil exporting countries. The increase in foreign exchange reserves based on the US dollar is increased, generating the so -called "oil dollar". These petroleum dollars will enter a large number of US dollars assets from the needs of profit -seeking. This leads to the rise in the name exchange rate of the US dollar. Third, the continuous rise in oil prices will lead to the decline of the world economy and cause uncertainty of the international revenue and expenditure of oil importing countries. Therefore, these countries have improved the US dollar asset ratio in their foreign exchange reserves to maintain the stability of the exchange rate, which has further improved. The demand for the US dollar has led to the rise in the name exchange rate of the US dollar. Under the comprehensive effect of the above three aspects of influence mechanism, the US dollar has a rising nominal exchange rate level when the price of oil prices rises. In the case of rising nominal exchange rates, changes in the actual exchange rate level depend on the ratio of price levels in the United States to foreign prices. Because the US oil consumption is larger than other countries, the impact of rising oil prices on the general price level of the United States is greater than that of other countries. In this way, the rise of the relatively price level is consistent with the changes in nominal valid exchange rates. Therefore, when oil prices rise, the actual exchange rate level of the US dollar will rise.
First of all, the price of gold in the domestic market is also affected by international gold prices. The rise and fall trend of domestic gold prices and international gold prices is the same. However, the most important thing about the rise and fall of domestic gold prices is the influence of supply and demand and policies in the domestic market. Domestic gold prices are not simply converted according to international gold prices. The two of them are the same but not necessarily a proportion of rising or falling. Domestic gold futures are mainly determined by supply and demand. More.
I just want to finish this first, and then talk about others. 28