As a precious metal product for investment and financial management, gold can be said to be within reach of ordinary people. Since the epidemic, many people have gained a lot of dividends by investing in gold. Since the beginning of 2020, the price of gold has soared from 320 yuan/gram to 427 yuan/gram, which was hard to see in the past. The golden age of antiques in troubled times is well said, because there are many problems in the international community at present This is the so-called troubled times, which will lead to a sharp rise in gold.
First, why the price of gold has been rising or even breaking through a record high this year, mostly because of the impact of the epidemic.
As we all know, 2020 is an extraordinary year. Since the beginning of the year, the epidemic has gradually swept the world, leading to a global economic recession. Gold has been seen by more people since the beginning of the year, and then the price has risen all the way to the present. There are many factors that affect the price of gold. The first thing that affects the spot gold price is the relationship between supply and demand, which is in line with market rules. If the supply exceeds the demand, the price will fall, and if the supply exceeds the demand, the price will rise. Then the price of gold is also determined by market uncertainty. Since the outbreak, many countries have issued more currencies to save the market economy, which will lead to currency depreciation, but currency depreciation will not affect gold, but gold can preserve its value, so more people invest in gold, which has led to the price of gold rising all the way up to now.
Second, the price of gold has been rising. When will it fall?
This is an uncertainty. Because of the uncertainty of the market, if the global epidemic is gradually controlled and people's panic is alleviated, gold may fall slightly. But now the epidemic is still raging around the world, and it is difficult to determine when the price of gold will fall.