At present, many people are desperately buying gold, and there is a lot of industry news that gold will continue to increase in price in the next three to five years. So what caused the crazy rise of gold? First of all, due to the epidemic situation, loose monetary policy and other factors, the market's expectations for inflation have risen. In this case, the price of gold may hit a record high in the next six to nine months, and there is a 30% chance of hitting the $2,000/ounce mark in the next three to five years. ?
We learned from the internet that some insiders analyzed the reasons for the rise of gold. Xu Ying, a senior analyst from Zhengdong Futures, once analyzed the reasons for the rise of gold: First, on July 265,438+0, the European Union reached an agreement on a 750 billion euro revival fund, and the threshold for assistance was lower than that during the European debt crisis. Coupled with the upcoming second round of fiscal stimulus in the United States, the market's expectations for inflation have risen. Second, the recent tension in international relations has triggered market risk aversion, with risk assets falling and funds flowing to safe-haven assets, such as bonds and gold. Third, the economic data such as the number of initial jobless claims in the United States and the manufacturing PMI index have weakened, indicating that the American epidemic has once again significantly suppressed the economy. In sharp contrast, the PMI data of manufacturing and service industries in the euro zone exceeded expectations, indicating that the European epidemic was relatively well controlled, the euro rose significantly, and the dollar weakened, which was good for gold.
However, some insiders said that at present, gold has reached a local peak, and whether it should continue to buy gold depends on the situation. As for whether it is atypical rise, we ordinary people should be headed by experts.