The price of gold will fluctuate with the market, and the rise of gold price will affect the currency price of some countries.

There are many factors that affect the price of gold, such as: international politics, economic foreign exchange market, interest rates and monetary policies of major European and American countries, the increase or decrease of Huang Zhi Golden Island reserves by central banks, the increase or decrease of gold mining costs, jewelry gold and so on.

On August 1 day, 2065438, a report released by the World Gold Council on August 1 day showed that in the first half of 20 19, the global gold demand increased by 8% year-on-year, reaching 2 18 1.7 tons, the highest in the same period in the past three years.

Extended data

Gold supply factor

(1) Gold stock on the earth: There are about137,400 tons of gold in the world, and the above-ground gold stock is still growing at a rate of about 2% every year.

(2) Annual supply and demand: The annual supply and demand of gold is about 4,200 tons, and the newly produced gold accounts for 62% of the annual supply.

(3) New gold mining cost: The average total gold mining cost is slightly lower than $260/oz. Due to the development of mining technology, the cost of gold development has been declining in the past 20 years.

(4) Political, military and economic changes in gold-producing countries: Any political and military turmoil in these countries will undoubtedly directly affect the country's gold production, and then affect the world's gold supply.

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