Gold is stable

The rally for gold has stagnated at the moment. There has been a sharp increase in recent years. The price of gold per troy ounce fluctuates between $1,570 and $1,650, but rarely rises above or falls below this.

Nevertheless, the trading volume is increasing, according to the financial daily. They indicate that more and more investors believe that the US central bank, the Federal Reserve, will come up with a sweeping package of measures to stimulate the economy later this year. This is called quantitative easing, which will weaken the dollar. And a weak dollar basically means a higher gold price.

At the moment, the gold price is being depressed by the crisis. India was the largest importer of gold for a long time, but has seen demand drop significantly. China, which seemed to overtake India, also saw a decline in demand due to disappointing growth figures. This shows a potential in regaining growth in Asia.

In addition, we have also seen that the gold price is being pushed up by the crisis. There are more and more investors who have provided their investment portfolio with gold and silver. Unlike a few years ago, central banks are also buying more and more physical gold.

China is now the market leader in the production and consumption of gold. For the gold trade, what is happening in China is important. For example, the decision at the end of August in Beijing to lift the ban on the banks' gold trading will have a positive impact on the gold market, according to the financial daily.

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