On February 23, 2023, spot gold rose first and then fell, reaching a maximum of 1.833.67 USD, but failed to stand firm at the 1.830 mark, and finally closed down by 0. 16% to 1.822.29 USD/oz. Spot gold rose slightly for the time being today. As of press time, the gold price is tentatively reported as 1825.04 USD/oz, with an increase of 0. 16%. Regarding the prospect of gold price, MikeMcGlone, senior macro strategist of Bloomberg Information, said that in 2023, the Fed is still tightening its policies, which may lead to the decline of most metals and the rise of gold.
Classification and difference of gold
Pure gold and red gold
Gold with purity above 99.6% can be said to be pure gold, and the meanings of red gold and pure gold are very close. However, due to different local standards, all the gold sold in the international market is red gold with a purity of 99.6%. In practice, the domestic red gold is generally between 99.2% and 99.6%.
So red gold and pure gold are very similar, so I put them together as a class. However, due to the low hardness of pure gold, it is generally not inlaid with gems, and it is generally pure gold jewelry made of pure gold. Of course, although there is no inlaid gem, it still has the function of recycling, collecting and storing value.
Pure gold and thousands of gold
Pure gold and thousands of pure gold are pure gold. Because the gold content of not less than 99% is called pure gold, then thousands of gold is not less than 99.9%. So pure gold and thousands of gold are also pure gold. And pure gold is usually called two 9s, and a thousand pure gold is three 9s.