List of historical gold price trend

List of historical gold price trend

As one of the important precious metals, gold prices have always attracted much attention.From a historical perspective, we will review and analyze the trend of gold prices.

From the beginning of the 20th century to the Second World War

In the early 20th century, the price of gold was relatively stable, and it was maintained by the governments of various countries through gold standards.However, after the First World War, many countries began to abandon the gold standards and led to the economic depression of the year.With the outbreak of World War II, many countries started printing banknotes in response to war expenses and abandoned the currency system linked to gold.

The establishment of the Bretton Forest System in the Year

In the year, the Bretton Forest system was established at the Bretton Forest Conference in New Hampshire.According to the system, the US dollar is linked to gold and established a fixed exchange rate system.During this period, the global economy was relatively stable, but since the end of the age, the US dollar has gradually depreciated and caused other countries to worry about their foreign exchange reserves and exchanged gold.

The US dollar out of the gold standard

In the year, President Nixon announced that the US dollar was out of contact with the pyrine and canceled the fixed exchange rate system. After that, the global currency system entered a free floating stage.This led to problems such as inflation and oil crisis in the late 1970s and the early 1980s.

-The fluctuations in the year

From the year to the year, Huang 999 5

The global economic situation is constantly changing, Black Star Daily News on May 8th,

The Federal Reserve released data on Wednesday (6th), showing that

Last week (from 29 to April 5),

Global Bank of China and Government purchase or rent the highest value of valuables (including).

On the eve of the closing last Friday,

In the international spot market,

Each ounce falls below the dollar.

It was collected at a $ 75/ounce on the day,

Compared with the previous trading day, it fell 12.85 cents, or 0.98%.

Data Display,

This is the third consecutive trading day.

It has been two months before the adjustment of this round of adjustment,

during this process,

Bank expansion exceeds 1 billion potential resources

, Investors extracted deposit resources increased by 1 million potential resources

EssenceEspecially since February,

Average daily about 4 million European people buy European goods

EssenceThe market supply is expected to reach more than 400 tons this year.

in addition,

Such products are also used for investment portfolios,

It is regarded as a preservation tool.

To this,

Analysts pointed out,

Good emotions of investors may affect the increase in market demand.

Low profit levels can inhibit the growth rate of market demand.

The trend and future outlook for the past ten years

After entering the 21st century, the Black Star News August 25 News

,,

After-since the global economic decline,

Jim Rogers said in an interview:

"The current global environment is very complicated"

"It's hard to say who can master the situation in the next 10 to 15 years old."

Jim Rogers believes:

If China realizes "hard landing",

It means "the whole area will suffer".

Is it safe for traditional investment products such as stocks and bonds?

Jim Rogers believes:

"There is a hurricade, bonds, commodities, etc.,"

"Only there is no bubble in the agricultural field"

"Therefore, I am more willing to focus on agriculture."

The above is the relevant content about the trend of the Gold Price!Hope can help you!