The recovery price of gold changes every day, just like the price of gold, which is mainly affected by the supply and demand of gold itself. Oil price, dollar trend, financial crisis, geopolitics, inflation and other factors will also affect the recovery price of gold.
I. Oil prices
Gold itself is a hedge against inflation, which is inseparable from inflation in the United States. Rising oil prices mean that inflation will follow, and so will gold prices.
Second, the trend of the dollar
The dollar is considered as the first currency, and gold is the second. The dollar is strong and gold is weak; Gold is strong and the dollar is weak. Usually, investors will give up dollars when they take gold, and they will also give up gold when they take dollars. Although gold itself is not legal tender, it still has its value and will not depreciate into scrap iron.
If the dollar is strong and there is a great chance of appreciation, people will naturally chase it. On the contrary, when the dollar weakens in the foreign exchange market, the price of gold will strengthen.
Third, the world financial crisis.
If a world-class bank fails, will the price of gold soar? When the financial system of the United States and other western powers is unstable, world funds will be invested in gold, and the demand for gold will increase, and the price of gold will rise.
At this time, gold played the role of a financial refuge. Only when the financial system is stable, investors' confidence in gold will be greatly reduced, and selling gold will lead to a decline in the price of gold.
Extended data
There are three common weighing tools for gold recovery:
① Precision electronic scale: accurate weighing, usually accurate to 0.01g.
② Portable electronic scale: the weighing is not accurate enough and the error is too large.
③ Physical balance: poor weighing accuracy and large error. Recovery price
The price of gold recovery is related to the fineness (i.e. gold content) of gold. When recovering gold, the real-time price of recovered gold is based on the real-time basic gold price, and a certain amount is lowered on the real-time basic gold price according to the different fineness of gold.