When it comes to gold, the media often talks about 'London Gold'. In short, it is 400 ounces of 99.5% pure gold bricks stored in the underground vaults of the City of London.
International trade and non-trade transactions that occur as a result of claims and debts are received and paid in currency and settled under certain forms and conditions, thus giving rise to the international settlement business.
In a broad sense, any risk-taking behavior for profit can be called speculation; in a narrower sense, speculation refers to risky investment behavior that takes advantage of fluctuations in the price of commodities or financial assets in the market.
Like any other commodity, in essence, the trend of international gold price is mainly affected by the relationship between supply and demand. When the supply of gold exceeds the demand, the price of gold will decline; When the demand for gold is greater than the supply, the price of gold will rise. Here are the demand factors of gold.
Before 3000 BC, gold was first recognized by human beings in the ancient country of Egypt. Since then, it has been closely intertwined with human development. With its dazzling luster, gold has become the first choice for decoration.
The foreign exchange market refers to a trading market involving banks and other financial institutions, proprietary dealers and large transnational enterprises, connected through intermediaries or telecommunications systems, and trading in various currencies.
The Federal Reserve System or Federal Reserve, informally known as The Fed, known simply as the Federal Reserve, is responsible for carrying out the duties of the central bank of the United States.
