In 2023, the global economy was hit more or less by the epidemic. Many countries have successively introduced monetary easing policies, and some countries have lowered the deposit interest rate, that is, the interest rate for depositing money in banks is very low, even less than 1%, which leads people in these countries to start looking for other new ways to preserve assets, which is gold. Therefore, the price of gold began to rise, and the spread and recurrence of the epidemic, rising geopolitical risks, weak dollar and other factors were the main factors leading to the rise of gold. Moreover, affected by the epidemic, the output of gold has also been affected to some extent, which has also aggravated the phenomenon that the supply of gold itself is in short supply, further leading to the rise of gold prices.
Although the research and development of COVID-19 epidemic vaccine has been accelerated, it will take some time from production to use.
At present, there are still many kinds of investment in gold, such as physical gold, paper gold, gold fund, gold T+D, gold futures and so on. For most of us, the risks of gold T+D and gold futures are relatively large, while physical gold is difficult to keep, and it is usually kept in the safe of the bank. Therefore, for us, the risk of gold funds is relatively small, and we can buy them when necessary. But the price of gold is already very high, and we can't predict the future development. There is no need to buy too much gold in the future, no matter what it is, it is risky.
The direct cause of the rise in the price of gold is the continuous purchase of funds, which leads to the price increase.
At present, international relations are tense, and gold has become the choice of many people as a safe-haven fund, which has been adjusted for a long time and has the conditions for rising.
Because the current international situation is becoming more and more chaotic, gold has a high value and is a hard currency in the world.