How expensive is the domestic gold price?

The small group interested in gold must pay close attention to the trend of gold price, because the price of gold directly affects when they save gold, and whether the gold they have saved has been appreciated or devalued.

In recent years, the gold market in China has made rapid development. In April 2001, the people's Bank of China suddenly announced that it would cancel the planned management system of "unified purchase and distribution" of gold. On October 30, 2002, the State Council approved the establishment of the Shanghai gold exchange, ending the history that gold cannot be freely traded for more than 50 years since the founding of new China. Then, on January 9, 2008, Shanghai gold futures exchange was officially listed and established. After the rapid development of China's gold market in recent years, China has become the world's largest gold producer and the second largest gold consumer. The annual trading volume of Shanghai Gold Exchange also exceeded the trading volume of London gold spot market, the world's largest spot trading market for the first time. But in general, the gold market in China is still in the development


Since the 20th century, the world political, economic and financial structure has changed dramatically, and has experienced a decade of bull market and four years of ups and downs. In the first half of 2016, it has once again risen to become the best performing asset in the world in the current period. At this time, China's economy is gradually changing from high-speed development to a "new normal" stage of high efficiency, low cost and sustainable medium and high-speed growth. From the external influence, China's total economic volume leaps from the sixth in the world to the second place, which plays an important role in the development and promotion of the world economy. Of course, from the perspective of internal structure, China's economy is developing towards more stable economic growth, increasingly optimized industrial structure and balanced development of residents' income. It is worth mentioning that the Chinese economy has developed for more than ten years, and it is also the ten years from the unified purchase and allocation of China's gold market to the open development. The opening of national policies and the development of economy jointly helped China's gold market and industry take off. From "West gold to west east" China has gradually appeared the influence on global gold price.

This paper first starts from the theory of price equilibrium, through the deep research on the relationship between supply and demand of gold, obtains the gold supply function and gold demand function, and constructs the international gold price decision model in the balance of supply and demand. The paper analyzes the global factors in supply and demand, the influence factors of China's monetary supply, RMB exchange rate, China GDP, China consumption price index, disposable income of urban residents and Shanghai Securities comprehensive index on the price and the influencing factors of the market. Based on the above analysis, the paper uses the multiple regression analysis method to study the influence of the above factors on the gold price in China from two periods respectively, and obtains the specific influencing factors and changes of Chinese factors on international gold price.

Now you see if these data are clear, of course, the price of gold is changing rapidly. If you are really interested, then you should pay attention to the trend of gold price every day.

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