Gold prices have fallen sharply
As an important precious metal, gold has always attracted attention from investors.However, despite being regarded as a hedid asset and value reserve, the price of gold has also fallen sharply.
Gold price fluctuations in history
In the past few centuries, gold prices have experienced many fluctuations.Some of these fluctuations are caused by political, economic or geopolitical events.For example, during the Great Depression of the 1930s, the global economic recession led many countries to abandon gold as a monetary standard.
A sharp decline in age
At the beginning of the age, as the United States announced the abandonment of the Bretton Forest system linked to the golden gold, a sharp decline in demand for gold in the world began to have been declining globally.This led to a sharp decline in gold prices at that time and lasted several years.
Global Economic Crisis
The global economic crisis that broke out on the gold market has also had a huge impact on the gold market.During the crisis, investors sold assets to seek liquidity and led to the plunge in prices of various types of investment varieties including gold.
The new crown epidemic caused the market to fluctuate
After the outbreak of the new crown epidemic, the global stock market and the commodity market have been hit hard.Although some investors rushed to safe ports due to the weakened risk appetite -including valuables such as jewelry and diamonds, but some valuables were not good due to the sharp reduction in the overall demand and the interruption of the supply chain.
Conclusion
In short, under the influence of various external factors, the yellow industry also faces many challenges. However, as people's living standards increase and the demand for spiritual and cultural needs increases, there are reason to believe that there is still a wide space in this industry to develop. After all, the cultural heritage is deep.The brand effect is significant that other industries cannot be compared. This will be an area that is worthy of attention and in -depth participation.
