Many reviewers and opinions of experts who classify gold as a commodity that is hard to predict. This is caused by independent gold is a commodity , meaning that the movement is dominated entirely by the market. Typically experts predict the price of gold for the medium or long term , at least not more than 6 months .
Here are some factors which affect the gold prices:
1.Dollar exchange rate strengthened
Generally, the price of gold will increase as the strengthening of the dollar . This is because the price of gold measured against the U.S. dollar .
2 . Uncontrolled inflation
Inflation will erode hard money but does not affect the price of gold . In the situation of rising inflation will cause the value of gold will rise beyond this . Generally, the existence of a psychological 2 -digit numbers on inflation indicates something uncomfortable happens , prices go up . For example in Indonesia by the year of 2009 , gold rose almost 25 % a year , much higher than the inflation rate below 10 % .
3 . Political events of the world
The existence of a conflict involving mainly the middle east countries and the western world as a supplier of Oil , eg Iraq war , the tragedy of the WTC in the U.S. where the geopolitical situation became uncertain , it will be more gold rise in value .
4 . The global financial crisis
When viewed from the economic data , generally the global crisis will occur within 5 years for medium-scale and 10 years for a larger scale . For example, a local crisis in the U.S. in 1970-1971 , world energy crisis in 1980, the Asian economic crisis in 1998, and the U.S. crisis in 2008 . In such circumstances , the price of gold will only go up
5 . The rising price of oil and basic commodities
When viewed in the movement of gold with other commodities for decades , it would seem that the value of both will rise proportionally , meaning that the value of " buying " gold against commodities is always fixed , when world oil prices and basic necessities rise, the value of gold will also rise . This would be very different from paper money .
6 . Rising demand for gold in the local market or the world
In accordance with the law of demand and supply general , the more demand for gold in the local market or the world , it will tend to further increase the price of gold . This is due to the amount of gold reserves in the bowels of the earth will increase as human populations increase . Gold will always be pretty but still ' rare ' , due to mining activities and processing of gold is limited . It would be very unlikely that the excess supply of gold which makes the price will go down .
Here are some factors which affect the gold prices:
1.Dollar exchange rate strengthened
Generally, the price of gold will increase as the strengthening of the dollar . This is because the price of gold measured against the U.S. dollar .
2 . Uncontrolled inflation
Inflation will erode hard money but does not affect the price of gold . In the situation of rising inflation will cause the value of gold will rise beyond this . Generally, the existence of a psychological 2 -digit numbers on inflation indicates something uncomfortable happens , prices go up . For example in Indonesia by the year of 2009 , gold rose almost 25 % a year , much higher than the inflation rate below 10 % .
3 . Political events of the world
The existence of a conflict involving mainly the middle east countries and the western world as a supplier of Oil , eg Iraq war , the tragedy of the WTC in the U.S. where the geopolitical situation became uncertain , it will be more gold rise in value .
4 . The global financial crisis
When viewed from the economic data , generally the global crisis will occur within 5 years for medium-scale and 10 years for a larger scale . For example, a local crisis in the U.S. in 1970-1971 , world energy crisis in 1980, the Asian economic crisis in 1998, and the U.S. crisis in 2008 . In such circumstances , the price of gold will only go up
5 . The rising price of oil and basic commodities
When viewed in the movement of gold with other commodities for decades , it would seem that the value of both will rise proportionally , meaning that the value of " buying " gold against commodities is always fixed , when world oil prices and basic necessities rise, the value of gold will also rise . This would be very different from paper money .
6 . Rising demand for gold in the local market or the world
In accordance with the law of demand and supply general , the more demand for gold in the local market or the world , it will tend to further increase the price of gold . This is due to the amount of gold reserves in the bowels of the earth will increase as human populations increase . Gold will always be pretty but still ' rare ' , due to mining activities and processing of gold is limited . It would be very unlikely that the excess supply of gold which makes the price will go down .
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