Like any other commodity, in essence, the trend of international gold price is mainly affected by the relationship between supply and demand. When the supply of gold exceeds the demand, the price of gold will decline; When the demand for gold is greater than the supply, the price of gold will rise. Here are the demand factors of gold.
Before 3000 BC, gold was first recognized by human beings in the ancient country of Egypt. Since then, it has been closely intertwined with human development. With its dazzling luster, gold has become the first choice for decoration.
Economic expansion drives increased demand for gold jewelry, gold for technology and long-term savings, so there is a positive correlation between the price of gold and economic growth.
Gold in nature is a natural product that exists in a free state and cannot be synthesized. According to its source of different and refining the content of different into raw gold and cooked gold and so on.Gold in nature is a natural product that exists in a free state and cannot be synthesized. According to its source of different and refining the content of different into raw gold and cooked gold and so on.
Raw gold is also known as natural gold, barren gold, raw gold, is the object of cooked gold, from the mine or river bottom alluvium mining without melting refining of gold. Raw gold is divided into mine gold and sand gold two kinds.
Mineral gold, also known as alloy gold, produced in the mine, gold mine, mostly with the underground gushing out of the hot spring through the rock of the seam fine and precipitation accumulation, often with quartz sandwiched in the crevices of the rock. Most of the mine gold and other metal companion, which in addition to gold and silver, platinum,
The gold market is a trading center where buyers and sellers concentrate on buying and selling gold, providing spot and forward transactions, allowing traders to carry out physical transactions or options futures trading to speculate or hedge, is an important part of the complete financial market system of each country.
There are currently three main types of gold price in the world: the market price, the production price and the quasi-official price. All other types of gold prices are derived from them.
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