What controls the global gold market? 2011 3 30 6 14 02

It has two attributes, commodity and financial, and is formed under the combined influence of a variety of factors.

1.Supply and demand.

Including global stocks, speculative demand, and international reserve demand.

2.Macroeconomic factors.

Including economic growth, monetary policy, inflation, interest rates, exchange rate changes.

3.Other. Including geopolitics, market volatility, commodities, seasonality.

Participants in the international market can be divided into international gold dealers, banks, hedging and other financial institutions, various legal entities, private investors and brokerage companies that play a great role in the world's best transactions. International gold dealers (market makers): the most typical is the five major gold banks in the London market, which are themselves the first trading market makers, because they have extensive contacts with the world's major gold mines and many gold dealers, and their subordinate companies are in contact with many stores and customers, therefore, the five major gold chambers of commerce continue to quote the best buying and selling prices according to their own grasps.

Of course, market makers are responsible for the risk of gold price fluctuations.

(1) Banks:It can be divided into two categories, one is only for customers to buy and sell and settle, but they do not participate in the first day of trading, represented by the three major banks in Zurich, they act as brokers between producers and investors, and play an intermediary role in the market. There are also some self-operated businesses in the empty hands, such as in the Singapore ** Exchange (UOB), there are a number of proprietary business members.

(2) Hedging**:International hedging, especially in the United States, is active in all corners of the international financial market. In the market, almost every big one is related to the company borrowing short-term, selling in the spot market and building a large number of short (short) positions on the New York Commodity Exchange and the Futures Exchange.

Some large-scale hedging uses the inextricable links with the political, industrial and commercial and financial circles of various countries to capture the changes in economic fundamentals first, and use the huge funds under management to buy and sell short, so as to accelerate the changes in the market and profit from it.

(3) Various legal entities and private investors:This includes both specialized **** companies. For example, major gold mines, manufacturers, manufacturers specializing in purchasing and consuming (such as various industrial enterprises), jewelry stores and private gold collectors, as well as investment companies and individual investors specializing in buying and selling business; There is a wide variety and a lot of them.

However, from the degree of preference for market risk, it can be divided into risk aversion and risk lover: the former hopes to avoid risks and reduce the risk of market fluctuations to a minimum, including manufacturers, consumers, etc., and the latter is a variety of hedging investment companies, hoping to benefit from the ups and downs. The former hopes to preserve the value of ** and pass on the risk; The latter want to make a profit and are willing to take market risks.

(4) Broker's firm)：It is a brokerage organization that specializes in non-exchange members to trade and receive commissions. Some exchanges refer to brokerage companies as commission houses.

In New York, Chicago, Hong Kong and other markets, there are many active brokerage companies, they do not own the first, but send representatives to buy and sell for customers in the trading hall and collect commissions from customers.

The **** of the national army is based on the daily fixing price of London gold for real-time changes.

International **** is an auxiliary index to measure the trend of **. As the largest and most powerful financial portal, in addition to providing popular international prices, today's international prices, and today's international prices, it also provides knowledge of international gold price related information and today's international analysis methods.

The London gold price is the most physical ****, and it is also the most important **** in the world, and the ** market in many countries and regions is based on the London gold price as the standard, and then fluctuates up and down according to their respective supply and demand. The London gold price is also a benchmark for many of the deals involved. Every day, London Gold has a pricing power, which will be passed by the four major dealers to locate its **.

Therefore, its **** is also changed according to the fluctuation of the international gold price.

If the phenomenon of spot ** appears, it will also be accompanied by its low mining cost, and the purchase of gold ** will be cheaper. Therefore, the developer will only make it profitable, and if the developer buys more goods when it is at a high level, then the **** will directly cause the developer to overstock inventory, which will cause huge losses.

The density of gold at room temperature is gram cubic centimeters, which is generally about twice as heavy as silver, lead and tin with the same volume. The following formula is that the mass (grams) of a certain ** jewelry is equal to the density of a certain ** jewelry (cubic centimeters). Find out the density of the measured **jewelry, the density is about cubic centimeters, it is pure gold or purer gold, otherwise it is non-pure gold or color difference** (this method has no destructive effect on jewelry).

Density tests show that only a very small number of metals exceed **. The density of pure 24k** is about gram milliliters, which is much higher than other metals, and generally the higher the density**, the higher the purity.

Answer] The equilibrium of the :d market requires that the flow market and the stock market reach equilibrium at the same time. If there is an oversupply of the flow market in a certain Lingsou**, it will lead to a sharp oversupply of the stock market, which will lead to a decline in the ruler calendar; Otherwise, it will rise.

The United States is manipulating ****, and you think that ** is too high to short.