Recently, gold prices have been soaring all the way. International gold futures and spot gold both broke through the US$2400/ounce mark, directly hitting a record high! Domestic gold jewelry storesbaccaratvirgilablohGold jewelry has also risen with the tide, generally reaching 742 yuan/gram, which has soared by 50% compared with the gold price at the beginning of 2020! Since the beginning of this year, the market has been full of "gold has reached its peak, run quickly!" A safe-haven signal, but the more the market sings, the more fiercely gold rises, and the price of gold continues to counterattack and slap the face. Why is this round of gold rally so crazy?

reason is simplebaccaratvirgilabloh: Under the global economic recession + geopolitical risks, gold is currently the only legal tool that can hedge the credit risk of paper money. Gold is denominated in US dollars and is generally negatively correlated with US dollar interest rates. Central banks around the world are buying gold crazily. As of the end of March 2024, the gold reserves of the top ten countries in global gold reserves have increased for 17 consecutive months. Demand for gold has soared, and amid the imbalance between supply and demand, the price of gold has soared. In the future, will gold continue to rise? There is hope! The interest rate cut by the US dollar is certain, the domestic economy is in deep quagmire, political conflicts continue, and market risk aversion may heat up. Gold allocation suggestions: ETF-linked funds and gold stock funds are good choices. Qianhai Kaiyuan has been deeply involved in the gold sector for many years, with fast, accurate and fierce product layout and excellent performance.

Sector name gold concept Keywords gold price, gold futures, gold demand bearish (neutral) Under the global economic recession + geopolitical risks, gold is the only legal tool that can hedge the credit risk of paper money (RMB, US dollar). Continue to skyrocket! Risk warning for Hexun's self-selected stock writers: The above content is only the author's or guest's opinion, does not represent any position of Hexun, and does not constitute any investment advice related to Hexun. Before making any investment decision, investors should consider the risk factors related to investment products based on their own circumstances and consult professional investment advisers when necessary. Hexun strives but cannot confirm the authenticity, accuracy and originality of the above content, and Hexun makes no guarantee or commitment in this regard.