The price of gold is the price that thousands of speculators in Qian Qian trade in the international futures market. This is the result of the market.

(1) The decline in the exchange rate of the US dollar has a pulling effect on the price of gold. Since June 2007 1 65438+1October1,the price of gold futures in new york market has exceeded $800 per ounce due to the interest rate cut by the US Federal Reserve and the record low of the US dollar against the Euro. The lower dollar exchange rate has a pulling effect on the price of gold.

(2) With the rapid rise of oil prices, some investors began to choose gold as the investment target, and the pursuit of the market promoted the further rise of gold prices.

(3) In recent years, the consumption demand for gold in the world market has been increasing, especially in emerging markets, which has further stimulated the prosperity of the market.

(4) The reason of supply, which is regarded by many gold industry operators as the main reason for this gold growth. As the world's largest gold producer, South Africa closed its mines for five days due to power shortage that month. In the month of 65438+ 10, the gold output decreased 16.5% year-on-year, and the downward trend accelerated. The decline in South Africa's output led the country to cede the title of the world's largest gold producer over 1 century to China.

(5) Historically, gold is not only a means to prevent inflation, but also an insurance form to prevent war and natural disasters. Different from paper money, no matter what social environment, gold is an effective medium of value exchange in a country, and it is a hard currency that is not affected by the local social system and economic environment at that time.

Political turmoil and wars in the international community will eventually affect the output of gold, reduce the supply of gold and promote the price of gold to rise. Of course, there are also phenomena that investors turn to gold investment because of political instability, thus stimulating the continuous rise of gold prices. In recent years, governments around the world have also bought a lot of gold in order to stabilize their own markets, which is also an important reason. The dollar fell for a long time, and they chose to buy gold in order to avoid the market, which is the reason for the rise of gold.