Spot gold has the property of hedging. When war breaks out, other risk-averse funds in the market may buy safe-haven assets one after another, especially gold. As the market risk aversion heats up, gold will rise.
Gold (English: Gold) is a chemical element with chemical symbol Au (from Latin: Aurum) and atomic number 79. Pure gold is a kind of metal with bright luster, reddish yellow, soft texture, high density and ductility. It is a rarer, more precious and more valuable metal. It is not only a special currency for reserve and investment, but also an important material for jewelry industry, electronics industry, modern communication, aerospace industry and other departments.
/kloc-before the 0/9th century, the level of gold productivity in human society was very low. Some people think that in the thousands of years before19th century, the total amount of gold produced by human beings was less than 10000 tons, for example, it was only 200 tons in18th century.
Due to the discovery of a series of gold resources in the19th century, the gold output has greatly increased since then, especially in the 50 years in the second half of the19th century, which exceeded the sum of the previous 5,000 years. In 20 13 years, the global total gold output is about 2770 tons.
According to the statistics released by China Gold Association recently, in the first half of 20 15, the national gold output reached 228.735 tons, an increase of 17.662 tons over the same period of 20 14, and an increase of 8.37% year-on-year. Among them, gold minerals 19 1.689 tons were completed, and colored by-products were 37.046 tons.
At the same time, the consumption of gold in China decreased. In the first half of 20 15, the national gold consumption was 56 1.35 tons, which was 8. 10 tons lower than that in the same period of 20 14, with a decrease of 1.42%. Among them, gold for jewelry manufacturing industry was 4 12.29 tons, down 3.26% year-on-year, gold for gold bars and coins was 102. 13 tons, and gold for industry and others was 46.93 tons.
According to the analysis report of China Gold Industry Market Prospect and Investment Strategic Planning, from April 20 13 to the middle of 20 15, the international gold price has been in a downturn after a sharp drop. Judging from the global economic situation, the world economic growth rate may pick up slightly in 20 15, but the overall recovery is weak. The volatility of international financial markets and commodity markets has intensified, and non-economic factors such as geopolitics have a greater impact, and there are still many uncertain factors. With the strengthening of the US dollar, the prices of commodities such as gold, non-ferrous metals and oil are all running at a low level at 20 15, and the low price of gold may become the "new normal" in the next few years.