Gold prices rise reasons

Gold prices rise reasons


1 gold production growth slowed down

2 Continental and Indian demand has continued to increase

3 The acceleration of inflation in emerging market countries

4 European sovereign debt crisis



Bloomberg reported that Standard Chartered Bank head of metals and mining businesses Chen Yan Bloomberg television interview, said gold production growth slowed down,

Mainland China and India, demand has continued to increase in international gold prices in 2014 may reach $ 2,000 per ounce.

He said: "With the rising income of China and India, gold prices have the opportunity to reach U.S. $ 5,000 in 2020."

Acceleration of inflation in emerging market countries and the European sovereign debt crisis is always hard to understand, making the international gold prices have risen steadily this year,

And washed in 18 per ounce of $ 1,600 has always been high. This year, the international spot price of gold has risen 12%.