First of all, it is well known that the spot gold is priced at the US dollar. The fluctuations of the dollar are always affecting the price of spot gold. Once the US dollar has a diving market, it will basically lead to the skyrocketing price of spot gold. The reason for another spot gold skyrocketing is the emergency geopolitical incident. Due to the risk aversion attributes of gold, once geopolitical events occur, the market risk aversion is heating up sharply, then the price of spot gold is very likely to be in a short period of time. A skyrocketed. [Expanded information] Gold (GOLD) is a single 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. Internationally, 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. Is when the world's political situation and economic instability, especially when war or economic crisis, various general investment instruments such as stocks, funds, and real estate will be seriously impacted. At this time, gold reflects a good risk aversion Attributes. Carn the economic crisis, the price of gold can still remain unchanged or even rose steadily, maintaining the value of assets. With the continuous mining and demand of gold minerals, gold has become more rare and enhances its own risk aversion attributes. regional stock markets, artificial manipulation of the market abound. However, the gold market is a global market. No individual or consortium has enough funds to control the global gold market. Therefore, the price of gold can always be kept at the level that reflects the actual supply and demand relationship.
First of all, it is well known that the spot gold is priced at the US dollar. The fluctuations of the dollar are always affecting the price of spot gold. Once the US dollar has a diving market, it will basically lead to the skyrocketing price of spot gold. The reason for another spot gold skyrocketing is the emergency geopolitical incident. Due to the risk aversion attributes of gold, once geopolitical events occur, the market risk aversion is heating up sharply, then the price of spot gold is very likely to be in a short period of time. A skyrocketed.
[Expanded information]
Gold (GOLD) is a single 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. Internationally, 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.
Is when the world's political situation and economic instability, especially when war or economic crisis, various general investment instruments such as stocks, funds, and real estate will be seriously impacted. At this time, gold reflects a good risk aversion Attributes.
Carn the economic crisis, the price of gold can still remain unchanged or even rose steadily, maintaining the value of assets. With the continuous mining and demand of gold minerals, gold has become more rare and enhances its own risk aversion attributes.
regional stock markets, artificial manipulation of the market abound. However, the gold market is a global market. No individual or consortium has enough funds to control the global gold market. Therefore, the price of gold can always be kept at the level that reflects the actual supply and demand relationship.