4 thoughts on “Why did the gold price rise and fall in the ten-year trend chart”
Desiree
Gold is the benchmark of the US dollar credit system and is significantly negatively correlated with the US dollar index. From the perspective of essence, gold is the benchmark of the US dollar credit system, which can be represented by the US dollar index
historical backtracking shows that the gold price is significantly negatively correlated with the US dollar index in most periods, so it is believed that studying the gold price is roughly equivalent to studying the US dollar credit system, that is, the US dollar index. The strength of the US economy and currency (interest rate) relative to other economies is the key factor affecting the US dollar index, that is, the key factor affecting the gold price
not all inflation and risk events have a positive effect on gold prices. From a medium - and long-term perspective, the anti inflation property of gold does not depart from the analytical framework of "gold is the benchmark of the US dollar credit system in essence", because every round of gold price strength in history often corresponds to the weakness (or collapse) of the US dollar credit system. At this time, the US economy is often relatively weak, showing high inflation (or the upward movement of the inflation Center)
extended data
but different types of inflation have different effects on gold prices:
1) mild inflation indicates that the US economy is good, and at this time, gold prices are likely to weaken or cross the market
2) hyperinflation (or economic foam) indicates that the U.S. economy is in a quagmire. At this time, gold prices tend to strengthen. From a short-term perspective, there is great uncertainty about the risk aversion attribute of gold: backtracking shows that only the risk events that impact the US economy and credit system can have a significant impact on the gold price, such as the oil crisis and the subprime mortgage crisis
source of reference: phoenix.com - blockbuster depth: why does gold price rise or fall
In addition to the influence of supply and demand, the change of gold price is also affected by a series of factors such as the rise and fall of the US dollar, geopolitics, war, financial crisis and so on the ten-year trend of gold prices has gone up and down. First of all, the root cause is related to September 11, 2001, the 9.11 incident in the United States. The panic caused by terrorist attacks led to the rise of gold.
in 2004 and 2005, economic growth accelerated, leading to a sharp rise in the price of crude oil and a sharp increase in the demand for gold. In Asia, especially China and India, the demand for jewelry increased greatly. Last year, the growth rate of demand for jewelry was 18%, The substantial increase in demand is the essential reason for the rise in gold prices. Secondly, the plundering of wealth by western countries through the financial market and a large amount of capital speculation are the direct driving forces for the rise of gold
in 2008, the financial foam first made gold fall, and then the financial crisis broke out. Due to the increase in gold demand caused by risk aversion, the price of gold will rise sharply in the next three years
in early 2012, after the subprime mortgage crisis, the United States had to adopt a loose monetary policy to stimulate the economy, The issue of the international reserve function of the US dollar should not be taken into consideration, because it is a secondary matter relative to saving the US economy. As a result, the US dollar has depreciated and gold has strengthened in recent years. When the U.S. economy passes through the most difficult period and shows a good momentum, maintaining the status of the U.S. dollar and protecting its international reserve status from the threat of gold become the main contradiction that the U.S. economy should solve. From the perspective of future trends, the US monetary policy will gradually move from loose to neutral, the US dollar will appreciate, and the gold will further decline until the US dollar maintains a level that can not only maintain its international reserve status but also stabilize economic growth
This is caused by the unrestrained expansion of credit. For example, credit cards can be overdrawn in a large amount, and you don't have to pay the down payment to buy a house. This is well controlled in China, and the minimum is 20% As a result, in terms of time, it will take at least 10 years to recover. For example, the financial crisis in 1929 and previous crises in the United States will take at least 10 years. Moreover, it will harm the real economy For example, it will have a great impact on China. The United States and Europe are China's first and second largest exporters. They have no money to purchase goods. China's exports, which account for 1 / 3 of GDP, will be greatly affected. A large number of coastal export enterprises will close down and a large number of workers will lose their jobs. The domestic economy will be greatly affected In troubled times, there is only gold. In the disasters of the world financial crisis in history, inflation accompanied everything, such as oil, non-ferrous metals, agriculture, rubber and so on. Only gold rose steadily
Gold is the benchmark of the US dollar credit system and is significantly negatively correlated with the US dollar index. From the perspective of essence, gold is the benchmark of the US dollar credit system, which can be represented by the US dollar index
historical backtracking shows that the gold price is significantly negatively correlated with the US dollar index in most periods, so it is believed that studying the gold price is roughly equivalent to studying the US dollar credit system, that is, the US dollar index. The strength of the US economy and currency (interest rate) relative to other economies is the key factor affecting the US dollar index, that is, the key factor affecting the gold price
not all inflation and risk events have a positive effect on gold prices. From a medium - and long-term perspective, the anti inflation property of gold does not depart from the analytical framework of "gold is the benchmark of the US dollar credit system in essence", because every round of gold price strength in history often corresponds to the weakness (or collapse) of the US dollar credit system. At this time, the US economy is often relatively weak, showing high inflation (or the upward movement of the inflation Center)
extended data
but different types of inflation have different effects on gold prices:
1) mild inflation indicates that the US economy is good, and at this time, gold prices are likely to weaken or cross the market
2) hyperinflation (or economic foam) indicates that the U.S. economy is in a quagmire. At this time, gold prices tend to strengthen. From a short-term perspective, there is great uncertainty about the risk aversion attribute of gold: backtracking shows that only the risk events that impact the US economy and credit system can have a significant impact on the gold price, such as the oil crisis and the subprime mortgage crisis
source of reference: phoenix.com - blockbuster depth: why does gold price rise or fall
In addition to the influence of supply and demand, the change of gold price is also affected by a series of factors such as the rise and fall of the US dollar, geopolitics, war, financial crisis and so on
the ten-year trend of gold prices has gone up and down. First of all, the root cause is related to September 11, 2001, the 9.11 incident in the United States. The panic caused by terrorist attacks led to the rise of gold.
in 2004 and 2005, economic growth accelerated, leading to a sharp rise in the price of crude oil and a sharp increase in the demand for gold. In Asia, especially China and India, the demand for jewelry increased greatly. Last year, the growth rate of demand for jewelry was 18%, The substantial increase in demand is the essential reason for the rise in gold prices. Secondly, the plundering of wealth by western countries through the financial market and a large amount of capital speculation are the direct driving forces for the rise of gold
in 2008, the financial foam first made gold fall, and then the financial crisis broke out. Due to the increase in gold demand caused by risk aversion, the price of gold will rise sharply in the next three years
in early 2012, after the subprime mortgage crisis, the United States had to adopt a loose monetary policy to stimulate the economy, The issue of the international reserve function of the US dollar should not be taken into consideration, because it is a secondary matter relative to saving the US economy. As a result, the US dollar has depreciated and gold has strengthened in recent years. When the U.S. economy passes through the most difficult period and shows a good momentum, maintaining the status of the U.S. dollar and protecting its international reserve status from the threat of gold become the main contradiction that the U.S. economy should solve. From the perspective of future trends, the US monetary policy will gradually move from loose to neutral, the US dollar will appreciate, and the gold will further decline until the US dollar maintains a level that can not only maintain its international reserve status but also stabilize economic growth
Why did the ten-year trend chart of gold prices rise and fall?
Why did the ten-year trend chart of gold prices rise and fall?
the gold trading price in December 2013 has
once again fallen below the new low on June 28, 2013
it is not recommended to blindly invest in gold for financial management.
why has the trend chart of gold prices gone up and down in the past ten years?
investment is risky and employees need to be cautious.
in the past ten years, gold has been rising. Before the Chinese Spring
Festival, gold is bound to rise, But this year's
why has the ten-year trend of gold prices gone up and down?
the gold consumption of the Chinese people
can not drive the international gold price.
it is not recommended to buy investment blindly.
This is caused by the unrestrained expansion of credit. For example, credit cards can be overdrawn in a large amount, and you don't have to pay the down payment to buy a house. This is well controlled in China, and the minimum is 20% As a result, in terms of time, it will take at least 10 years to recover. For example, the financial crisis in 1929 and previous crises in the United States will take at least 10 years. Moreover, it will harm the real economy For example, it will have a great impact on China. The United States and Europe are China's first and second largest exporters. They have no money to purchase goods. China's exports, which account for 1 / 3 of GDP, will be greatly affected. A large number of coastal export enterprises will close down and a large number of workers will lose their jobs. The domestic economy will be greatly affected In troubled times, there is only gold. In the disasters of the world financial crisis in history, inflation accompanied everything, such as oil, non-ferrous metals, agriculture, rubber and so on. Only gold rose steadily