The impact of the economic crisis on gold is to make the price of gold rise. Generally speaking, the impact of the economic crisis on gold is to push the price of gold up. For example, in the current sovereign debt crisis in Europe and America, people will worry about whether the currency will weaken. Comparing currencies is a blank in the government, not in kind, so this economic crisis will lead to high buying price of gold and push it up. At the beginning of the economic crisis, as an alternative currency, people generally bought gold to hedge, thus pushing up the price of gold.

According to Agence France-Presse, the international gold price once fell to a three-month low due to the dawn of the prospect of an agreement between the two parties in the United States last week, which led to the pressure on investors' demand for precious metals with safe-haven properties. At 65,438+0,654,38+0, the price of gold fell below the psychological barrier of 65,438+0,300 USD/oz, and broke through the vicinity of 65,438+0,260 USD/oz. Rising inflation pushes up nominal and real interest rates, thus increasing the opportunity cost of gold. Bank of America predicts that by the fourth quarter of 2022, the yield of American bonds will rise to 1.90%. At the same time, the US CPI is expected to be around 2.4% by the end of next year. Although the price of gold has recently faced some unfavorable factors, Bank of America does believe that gold has some potential, because with the surge of government debt during the COVID-19 epidemic, interest rates are expected to remain low.

What is gold?

Gold is a simple form of chemical element gold (chemical element symbol Au), which is a soft, golden yellow and corrosion-resistant precious metal. Gold is a rarer, more precious and more valuable metal. Generally speaking, gold in the world is measured in ounces. In ancient China, gold was measured in ounces, which was a very important metal. It is not only a special currency for reserve and investment, but also an important material for jewelry industry, electronics industry, modern communication and aerospace industry.

Gold investment is mainly divided into physical gold, gold T+D, paper gold, spot gold, international spot gold (commonly known as London gold), futures gold, gold advance payment and people's livelihood gold, which are eight popular forms of gold investment. In some extreme cases, the national currency inflation is serious, and paper money will become like waste paper. Gold itself is a precious commodity, and the price of gold will rise with inflation, that is, gold offsets the loss of inflation and ensures that investors' assets will not be eroded by inflation.