Gold's future price increase is expected

Gold's future price increase is expected

Gold has always been the wealth symbol and risk aversion tools chased by people, and its price fluctuations are affected by various factors.In the context of the current global economic uncertainty, many experts believe that gold is expected to continue to rise in the future.

Global economic uncertainty intensify

With the upgrading of global trade tensions, the increase in geopolitical risks, and the impact of the new crown epidemic on the economy of various countries, investors are full of concerns about market prospects.These uncertain factors have led to the increase in price fluctuations in risk assets such as the stock market, and gold is favored as a hedid asset.

Inflation expectations rise

With the large -scale implementation of loose monetary policies and financial measures of central banks in various countries, inflation expectations have gradually increased.Under the pressure of inflation, investors tend to choose to buy physical assets as a means to resist inflation risk, and gold is regarded as one of the most traditional and effective value preservation tools.

Supply and demand relationship tighten

In recent years, global gold supply has shown a decline, and the mining of new minerals has become more difficult and expensive.At the same time, the demand includes the continuous growth of central bank reserves, jewelry and investment demand.The tightening of supply and demand is also one of the important factors to support rising gold prices.

Strong technical support

From the perspective of technical analysis, in the past few years, charts have shown a significant upward trend in the past few years and broke through many important resistance.This technical support also makes investors more confident to optimize the future trend of gold, and increasingly tend to hold this security port.

conclusion