So far this year, the price of gold for immediate delivery on the London Metal Exchange (LME) has risen by 39%, hitting an all-time high of $65,438 +0.226.55 per ounce that day. Earlier, the central banks of India, Mauritius and Sri Lanka all bought gold from the International Monetary Fund (IMF), which was one of the factors that pushed up the price of gold.
Swiss Bank Corp
AG) said on Thursday that the futures price of gold (1204.40,-13.00,-1.07%) may hit an all-time high of $0/300 per ounce next year, because when the exchange rate of the US dollar falls, more investors will turn to the gold market to prevent assets. Taking into account various factors, such as accelerating inflation, weakening US dollar, increasing production costs and increasing demand, the possibility of gold price exceeding US$ 65,438 +0.500/ oz cannot be ruled out.
Gold is not a stock, and its resilience is unmatched by stocks.