The price of gold has been rising this year, and it is expected to fall after the economic recovery in the United States.

We know that gold is a very valuable metal and one of the few "hard currencies" in the world. The price of gold has been on the rise since March this year. In fact, at the beginning, the price of gold was still 1,7 US dollars, and it took two months to rise to 1,8 US dollars. However, it took only 11 days to rise from 1,8 US dollars to 1,9 US dollars. This rate of increase is almost comparable to that of a rocket. By July of this year, the price of gold was also overwhelming, from $1,8 to $1,9, which was almost unstoppable. Many people wonder why the price of gold has risen so fast. In fact, the price of gold has been on the rise for the following reasons:

First, a large amount of money has flowed into the gold market because of the recovery fund launched by the European Union. We know that the European Union withdrew from the recovery fund to stimulate the economy, which also caused a large amount of hot money to flow into the gold market, which greatly pushed up the price of gold.

The second reason is that the US stimulus plan has led to an increase in the price of gold. Under the uncertainty of the US election, the extremely loose policies of the Federal Reserve and the central banks of other major economies led many investors to turn to the gold market, which further pushed up the price of gold.

The third reason is the COVID-19 epidemic. In fact, the price of gold is basically the same as the epidemic situation, which shows that the COVID-19 epidemic has affected the price of gold to some extent. As we know, since the beginning of February this year, the COVID-19 epidemic broke out all over the world, and all the major economies in the world have been greatly affected. Now the COVID-19 epidemic in the United States is so serious, which will greatly increase the uncertainty of the American economy, and investors' confidence in the American economy will be correspondingly insufficient, which will naturally turn to the gold market. After all, the effect of maintaining the value of gold is not available in other assets.

it is precisely because of this that the price of gold will always keep rising. Obviously, the price of gold has experienced such a big rising period. In fact, the price of gold has basically reached the top, and it is difficult to go up again in the future. So, why won't the price of gold keep rising so fast?

In fact, the reason why gold will not go up again is mainly because the price of gold is closely related to the American economy. Generally speaking, when the American economy is depressed, investors will turn to the gold market, and once the American economy fully recovers, the price of gold will not rise again. Judging from the current situation, the economic recovery in the United States is very good. I believe that after a period of time, the American economy will fully recover, and then the price of gold will return to rationality.

it is precisely because of this that the price of gold will not continue to rise. In a word, when the American economy fully recovers, the price of gold will face a downward trend.