The fluctuation of gold price is based on the relationship between supply and demand. If the output of gold increases significantly, the price of gold will be affected and fall back. In addition, the application of new gold mining technology, the discovery of new mines and the sale of gold by the central bank will all put pressure on the price of gold.
Extended data:
The central bank is the largest gold holder in the world. 1969 The official gold reserve was 36,458 tons, accounting for 42.6% of the total surface gold stock at that time. By 1998, the official gold reserve is about 34,000 tons, accounting for 24. 1% of the total mined gold stock.
According to the production capacity, this is equivalent to 13 years of world gold minerals. Because the main use of gold has gradually changed from an important reserve asset to a metal raw material for jewelry production, either to improve the domestic balance of payments or to curb the international gold price.
People's Daily Online-The fluctuation of gold price has increased, can it stand at a high point in the future?
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