gold price raise reasons

gold price raise reasons

8 reasons of gold price raise as follow:


1 US dollars weakness as the main reason ,for gold price and US dollar negative correlation

2 shrouded in the global market panic

3 U.S. debt crisis

4 European debt crisis

5 hedge based on the "hedging" purposes, so I want to hold gold

6 industrial investment demand

7 because of inflation concerns worldwide, based on the "preservation" purposes, so I want to increase the holding gold.

8 Secondly, the European credit problems unsolved, and U.S. credit outlook suddenly jumped out was the downgrade thing,