Wedding gold ornaments can not be ignored? Why? , this condition will still be the gold market of 202 1? Pillar? . Gold bars and coins have become consumers' new favorites. In 20 19 and 2020, the overall consumption of domestic gold (such as gold ornaments) continued to decline. The actual gold consumption in China in 2020 is 820.98 tons, which is 18. 13% lower than that in the same period of 20 19. Among them, the consumption of gold jewelry was 490.58 tons, a year-on-year decrease of 27.45%. Under the influence of the rising price of gold, consumption tends to be flat, but the consumption of gold bars and coins has increased against the trend. It can be seen that buying gold bars and coins has become a new attitude.

The stability of gold consumption is inseparable from the stability of the economic chassis. In 2020, only China's economy will grow, and residents' savings will continue to grow steadily. On this basis, ordinary people are willing to spend money to buy assets such as gold. In fact, by June 2020, domestic gold production and consumption have taken the lead in picking up. It can also be seen from the growth of gold bars and coins that consumers buy gold not only for jewelry consumption, but also for safe-haven investment demand.

So why is gold so hot? The first is supply and demand. The consumption and investment demand of gold is the eternal rigid demand of human society. As the epidemic dissipates, the demand for gold consumption will be further released, thus supporting the maintenance of gold prices. However, with the stability of the economy, the safe-haven demand for gold has also decreased, thus curbing the rise of gold prices. We see that the fluctuation of gold price is between supply and demand? Competition? Result. The second is macroeconomic uncertainty. Some economists believe that the market factors of 202 1 interfering with gold have not fundamentally changed, especially the ultra-loose monetary policy and ultra-low interest rate route implemented by the central bank. If the epidemic situation improves and the economy recovers, the market will have the opportunity to pursue high-risk assets, and investors can sell some gold and turn to high-risk and high-yield assets.

Finally, the impact of other assets, such as the dollar and bitcoin. There are also assets such as the US dollar that also have hedging functions. Gold investors should also pay close attention to the US dollar index and fully perceive market sentiment. In addition, today's bitcoin fell to $40,000, reaching a record high of $48,000. More and more market views believe that when cryptocurrency technology is mature, it will have the opportunity to seize the position of gold as a safe-haven asset, which may also affect the price of gold at that time. In particular, the price of gold soared in 2020, which is one of the reasons why many people buy gold bars and coins.