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

In the first bull market after the price stability period in gold and the dollar, 1792, the US government set a fixed exchange rate between paper money and gold, and introduced the gold standard into its monetary system. At that time, the official price of the gold exchange was about $20/oz, and this ratio did not change much in the following 100 years.

At the same time, Britain began to implement the gold standard, and gold coins and bars with standard specifications and fineness can be freely exchanged with banknotes issued by the Bank of England. Under the leadership of the United States and Britain, many countries in the world have adopted the gold standard, so gold has gradually developed into a recognized international trade settlement tool. At that time, the exchange price in gold and the dollar fluctuated within a narrow range of $0/8-20 per ounce of gold, which lasted for about 100 years.

China foreign exchange trading center-interbank gold business inquiry area

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