{"id":853,"date":"2021-08-19T11:43:10","date_gmt":"2021-08-19T11:43:10","guid":{"rendered":"https:\/\/trusteconomics.eu\/?p=853"},"modified":"2021-09-07T15:37:13","modified_gmt":"2021-09-07T15:37:13","slug":"in-4-months-low-the-price-of-gold","status":"publish","type":"post","link":"https:\/\/trusteconomics.eu\/index.php\/2021\/08\/19\/in-4-months-low-the-price-of-gold\/","title":{"rendered":"In 4 Months Low the Price of Gold"},"content":{"rendered":"

On 9\/08\/2021 gold fell to 1684.37, recording a fall of 4.4% (the lowest price since 31\/03\/2021). The reasons that led investors to sell gold en masse have to do with their expectations regarding the future economic environment. More specifically:<\/p>\n

1.<\/strong> Increased number of jobs in the US warn investors that the dollar is about to rise (the highest number of hires in the last 12 months).<\/p>\n

2.<\/strong> They expect an increase in interest rates and the start of monetary policy titled tapering (purchases in government bonds are gradually being curtailed).<\/p>\n

\"This<\/p>\n

Data Source: Trust Economics https:\/\/trusteconomics.eu<\/a><\/p>\n

Many no longer consider, in this case of tapering, the possession of gold as an attractive investment that offers protection against inflation.<\/p>\n

July inflation data were high indicating that inflation will occupy investors at least until the end of the year. So, if there is a further acceleration of the inflation rate, the chances of a rapid increase in interest rates by the Fed are greatly increased.<\/p>\n

Low gold prices seem like a buying opportunity.<\/p>\n

At the same time, investors have abandoned other safe havens as the US Federal Reserve’s 10-year bond price has fallen as their yields have risen.<\/p>\n

The fall in the price of gold was followed by the prices of other precious metals such as silver and platinum.<\/p>\n","protected":false},"excerpt":{"rendered":"

On 9\/08\/2021 gold fell to 1684.37, recording a fall of 4.4% (the lowest price since 31\/03\/2021). The reasons that led investors to sell gold en masse have to do with their expectations regarding the future economic environment. More specifically: 1. Increased number of jobs in the US warn investors that the dollar is about to … <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,391,6],"tags":[82,44,457],"class_list":["post-853","post","type-post","status-publish","format-standard","hentry","category-financial-markets","category-market-analyses","category-publications","tag-gold","tag-inflation","tag-tapering"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/posts\/853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/comments?post=853"}],"version-history":[{"count":1,"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/posts\/853\/revisions"}],"predecessor-version":[{"id":854,"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/posts\/853\/revisions\/854"}],"wp:attachment":[{"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/media?parent=853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/categories?post=853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/tags?post=853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}