GOLD AU79

Gold has been considered the safest currency in the world for thousands of years.

Gold has been considered the safest currency in the world for thousands of years. Through generations, the rise and fall of states, kingdoms and empires, gold has been used as a means of payment and has retained its value. It is not for nothing that all central banks accumulate large gold holdings for currency hedging. Even if gold is stored unused for decades, it remains largely unaffected by inflationary risks. The amount of gold available worldwide is therefore very limited. The real reason for the value stability of the precious metal lies in the limited availability.

Special properties:preservation of value
Application areas:Industry, jewelry industry, central banks, investors

PROPERTIES

VALUE

item category

precious metals

thermal conductivity

47.6 10⁶ kg/m³

About half of the gold traded in the market is made into jewelry, about a third is bought by institutional and retail investors (excluding central banks), technically gold is used in dentistry.

electric conductivity

318 bpm

density

19.32 kg/m³

melting point

1.337°C

3.243°C

boiling point

Gold has many valuable properties: In addition to its high corrosion resistance and good conductivity, gold is easy to process.

The price of gold can be influenced by a variety of factors, including economic conditions, geopolitical events, and supply and demand dynamics. Therefore, it can be difficult to predict the exact trend of the gold price in the short term. However, the following are some trends that have influenced the price of gold in the past: Economic conditions: Gold is often considered a safe haven, meaning investors buy gold to protect themselves from economic uncertainty or inflation. During times of economic instability or recession, demand for gold tends to increase, which can drive up the price. Interest rates: When interest rates are low, gold becomes a more attractive investment option because it does not pay interest or dividends. As a result, lower interest rates can increase demand for gold and drive up its price. Strong USD: Since the price of gold is denominated in U.S. dollars, a stronger dollar can make gold more expensive for investors in other currencies, which can reduce demand and depress prices. On the other hand, a weaker dollar can increase demand for gold and drive prices higher. Geopolitical events: Gold is sometimes viewed as a hedge against geopolitical risks, such as wars or political instability, because it is a physical asset that can retain its value even in uncertain times. Consequently, major geopolitical events can affect the price of gold. Overall, the price of gold is subject to a variety of complex and interrelated factors, and its movement is difficult to predict in the short term. However, investors and analysts often look to economic indicators, interest rate policy, and geopolitical events for insight into future gold price movements. Translated with www.DeepL.com/Translator (free version)