How much is the price of gold in the year?
In the year, the global economy faced huge challenges, affected by the new crown epidemic, the fluctuations in monetary policies in various countries, and increasing demand for investors in insurance assets.As a traditional hedging tool, gold has attracted much attention in this context.So how did the price of gold change in this year?This article will conduct a detailed analysis of how much money is one gram of the year's gold.
Global economic situation and gold price
The global economic situation is one of the most important factor affecting the fluctuation of gold price.At the beginning of the year, the outbreak of the new crown epidemic caused the economic suspension of the country and the stock market plummeted, and investors turned to risk shelter assets.At this time, gold began to rise as a security port and continued to rise.As the epidemic control has gradually achieved results and the resumption of work and resumption of production has gradually advanced, there have been signs of recovery in some areas in the second half of the year. Some investors have begun to return to high -risk areas such as the stock market. In this caseSignificant adjustment.
US dollar exchange rate and gold price
The US dollar exchange rate is one of the aspects of international commodity transactions and trade settlement methods. In the Sino -US trade tension, Federal Reserve's loose monetary policy and other factors have made the US dollar index in a relatively strong state as a whole.Due to the large extent in the domestic foreign exchange market, the renminbi has also depreciated in this context; the depreciation of the renminbi means that the purchasing power has improved accordingly, thereby pushing the price of silver and other raw materials on the local market.
Supply and demand relationship and influencing factors
In addition to the macro environment, the relationship between gold supply and demand will also directly affect its price trend. For example, speculative purchases may increase before and after special holidays or important events;For production costs and inflation, the excavator may adjust the sales strategy to ensure the maximum profit.
Conclusion
Overall, there are no extreme violent or abnormal markets in the middle of the year. As the global economy gradually resumes normal operation and has lower attractive risk products, the selling pressure of the Black Friday (Black Friday) makes the variety lose a clear advantage.Therefore, it is expected that in the future, it will have the opportunity to reopen the situation.
