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In 2005, the lowest price was 4 13 USD/oz, and the highest price was above 550 USD/oz in June and February of 5438.
Features of this year:
In the first half of the year, the price of gold fluctuated within a range (approximately 4 13-450). In the second half of the year (June), an international event happened, that is, the EU voted to amend the Constitution. As France, the Netherlands and other countries have successively rejected the EU constitution in referendums, which poses a threat to the existence of the EU and will naturally affect the euro. Europeans began to look for alternatives to the euro and bought gold in succession. We have seen the rapid rise in the price of euro gold. The euro gold price has driven the gold price of other currencies to rise. For example, the Japanese are worried about the yen because of stagflation and high bank bad debts, and now they naturally want to buy gold. ?
In the past, the fundamental reason for the rise in gold prices was that in recent years, twin deficits in the United States fundamentally weakened the status of the US dollar as an international reserve currency, and Americans began to feel uneasy about the currency issued by the central bank on credit. Now people in other countries are beginning to worry about the money issued by the central bank credit and turn to gold again, which formed a major turning point in the gold market in 2005.
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In 2006:
To sum up the international gold market in a concise sentence, the most remarkable characteristics of the international gold market in 2006 are: unilateral trend in the first half of the year, cowhide consolidation in the second half. Due to various factors, mainly terrorism, soaring oil prices and bottoming out, in 2006, international spot gold soared from $5 17 per ounce at the beginning of the year to $ 12 in May, reaching $730, a 26-year high. This wave of unilateral market can only be compared with the historical bull market in the early 1980s. On May 12, the market went out of a unilateral plunge that frightened all bulls, dropping from $730 to $542 in one breath, leaving bulls with little chance to escape. From June 14 to February 3 1, the price of gold fluctuated and consolidated for more than six months, showing the characteristics of gradually narrowing the amplitude.
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In 2007:
After entering 2007, the situation in the Middle East with the Iranian nuclear crisis as the main body was turbulent, which triggered the Middle East.
Due to the expectation of political instability, the overall price of gold will continue to fluctuate upwards; By June 2006, the US mid-term elections 165438+ 10.
The price of resources triggered by election politics has gradually picked up after a sharp downward adjustment; With EU countries
The revised EU constitutional treaty reached an agreement, and the EU constitutional crisis in 2005 gradually curbed the formation of the euro.
Weakening, the impact of the euro on the dollar reappears; The production capacity of oil and other bulk mineral raw materials is difficult to sustain.
Expansion, there is the possibility of sustained and substantial price growth; Global economic growth is generally good and resource prices are high.
The inflationary pressure brought by rapid growth has gradually emerged in some countries. The above factors opened the gold price in 2007.
Overture to the trend.
In the first few trading days of 2007, the price of gold fell by more than 30 dollars under the pressure of profit taking.
Yuan, but remained stable after approaching the bottom line of $600/ounce, which constituted the bottom of the gold price in 2007. Then gold.
The price trend can be clearly divided into two stages: the first stage is1from mid-October to early September, aiming at Iran.
The pace of arbitration is slow, the geopolitical undercurrent in the Middle East with Iran as the core is surging, and the overall tension has not appeared.
Signs of easing, the price of gold generally fluctuates in the box of 630,640 to 690 dollars. Since September.
At the beginning, the price of gold broke through the top of the previous box and started a new round of rapid and sharp rise, reaching 845.
After the dollar, it began a high consolidation.
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2008: This year is worth remembering. In March of that year, gold touched above 1 1,000 USD for the first time, but then it fell sharply, and the lowest in June was about 680 USD, 438+0. This year is also a year of crisis for the world economy. Many fanatical gold bulls are miserable this year! Buy gold in troubled times! Hey, hey, that's right, but conspiracy is always hard to prevent. Let's take this year as a roller coaster.
Memorabilia about gold this year:
65438+ 10 9, the gold futures of Shanghai Futures Exchange were officially listed.
In March, the China Banking Regulatory Commission issued the Notice on Relevant Issues Concerning Domestic Gold Futures Trading of Commercial Banks.
In June, HSBC was approved by the China Banking Regulatory Commission, becoming the first foreign bank to conduct gold trading business.
In June, the first major case of underground gold speculation in China was cracked.
On July 26th, the "No.1 Gold Mine in Asia" officially entered the development stage after 10 was discovered.
In August, the State Council returned the gold value-added tax plan submitted by the Ministry of Finance.
In August, Zhang Weixing's gold speculation was completely exposed. The market questioned the business model and risk control ability of domestic gold companies. How to develop the OTC gold market in China has become the focus of people's attention.
In September, the first gold T+D business civil litigation case was heard.
10 year 10 On October 20th, the Hong Kong Futures Exchange re-launched gold futures trading.
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In 2009:
In February 2009, the spot gold price once again exceeded $65,438+0,000. 2009? From September 1 to September 8, the spot gold price soared for six consecutive trading days and broke through the 1000 mark. After a few days of consolidation at 1 0,000 USD, the price of gold soared again on10.00 on October 6th and 8th, which not only broke the record of10.033 USD in March 2008, but also rose to a series of new highs. On February 3, 2009, the price of spot gold reached 65,438+,and the highest price reached 1 126.60 USD. After 65438+February 3, 2009, the price of gold fell. From $879.7 in June 2009 of 65438+1 October1to $3 1 096 in February 2009, the price of gold increased by 24.5% annually.
Generally speaking, 2009 should be a continuation of a series of factors, such as the rise before 2008, inflation, concerns about economic recovery, large and small international problems, and the help of international hedge funds. The price of gold soared like a broken kite. This year is the dominant price for investment speculation (which year is not).
But when will this broken kite fall? It's interesting to think about it, but it's also a headache You see, 10 has reached a new high.
PS: This is my answer. The information source is very miscellaneous, so no reference link is given.
I suggest you search online yourself.
Re-PS: Are you lazy, or do you know nothing about the gold market, so you can't start? In that case, you are still lazy! Like to enjoy ready-made
PS: Thank you for your question, which made me review the gold market in recent years.
Finally PS: give the best!