1 thought on “The reason for the rise in gold prices”

  1. There are several reasons:
    1. War and turbulence in the international situation
    Gold are internationally recognized internationally. In the development of the international monetary system, the second half of the 1914 -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 snap up 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.
    2, 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.
    3, the depreciation of the US dollar
    The dollar and gold are important reserve assets in the international market. It can be said that it is two opposite indicators. If the US dollar performs well, the trend of gold will be weakened. Therefore, when the dollar depreciates, it is likely to indicate that the price of gold rises
    4, inflation
    The higher the inflation rate, the weaker the purchasing power of the currency, that is, you can only use the same more money Buy less things. At this time, the function of gold preservation was prominent, which led to rising gold house prices. Soros had mentioned in the golden text of Soros.

    The expansion information:
    Gold (GOLD) is a single -quality form of chemical element (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 times, "two" as a gold unit, 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 the goddess of dawn in Roman mythology, which means the shining dawn.
    As of October 12, 2021, the price of gold was $ 1760/ounce.
    Gold operation method
    The first type: If it is the gold recovery of its own brand, go to its own store to recycle gold. Generally, the loss is not calculated, but a small amount of processing fee is required (recommended).
    The second type: If the gold jewelry of other brands is replaced by the old, the accounting is losses, because the brand difference, the loss of each brand (the linked of a certain brand of jewelry will give you a 10 % discount on the basis of the original weight, for example, for example, such as the original weight, such as Originally 10 grams, 9 grams after folding).
    Third types: In the gold processing store, the latest models are re -processed, no loss will be calculated, and the purchase of gold is not forced. After accurate, (in addition, some merchants will deduct a little gold and need to confirm the gold weight in person).
    A physical properties
    1, color:
    The steam emitted when gold is melted is green; its gold powder is usually brown during the smelting process; It can also transmit green light. Gold
    2, ductility:
    is extremely strong. 1 ounce of gold can be pulled into 50 miles long, and its ductility makes it easy to cast and is a good choice for making jewelry. Gold is the strongest in the metal.
    3, forgedness:
    INO. It can cause extremely thin and easy to roll up. 1 ounce of gold can be hammered to 1th of 4 million and 100 square meters. The area is large. The ancients hammered it into thin slices to decorate the temples and the palace. These can explain the strong flexibility and forgedness of gold.
    The color of gold is golden yellow, metal luster, difficult to break down. The hardness is 2-3, the pure gold is 19.3, and the melting point is 1064.4 ° C; it has good ductility and can be pressed into thin foil. It has high heat transfer and conductivity. The resistance of pure gold is 2.4P. Pure gold has good anti -chemical corrosion and is the best electroplating material.

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