Gold Price Is Rising With Turmoil International Situation, Domestic Purchasing Power Reduced Tungsten Gold-Plated Is Popular
- Details
- Category: Tungsten's News
- Published on Monday, 11 January 2016 18:08
At the beginning of 2016, the international situation had changed constantly: The situation in the Middle East deteriorates continuously after Saudi broke off its diplomatic relations with Iran, the international crude oil prices experienced a short-term rebound but followed by decreasing; North Korea tested the explosion of hydrogen bomb, which made this country got the international condemnations; Chinese stock market slumped, triggered the fuse mechanism four times, and its negative impact has spread to European stock markets, which makes the global economy fall into the recession.
In such a tense international economic situation, but the gold price is rising steadily which makes it abnormally to the situation of "slump endlessly" in 2015, and has no retracement performance temporarily. Until of January 11, 2016, the price of international spot gold has exceeded $ 1,100, and reached $ 1,106.30 / ounce. Chinese domestic gold price has also risen, which enters the col of 300 yuan / gram. But for now, it can be seen that the risen international gold price pushed by geopolitical reasons will last short-term, the discretion of inflation rate is an important factor of the gold price.
For many investors, due to the risk factors, they would choose the better hedging function things such as gold, thus they will increase the purchase of gold. However, the for the Chinese domestic buyers, the continuous risen price of gold will significantly weaken their purchase powers, so the consumption of gold products will also be reduced. This makes the "golden alternatives"-- tungsten gold-plated products, enter into the spotlight once again, and greatly welcomed by many gold products collectors.

Tungsten Gold Plated Supplier: Chinatungsten Online www.tungsten-alloy.com | Tel.: 86 592 5129696; Fax: 86 592 5129797;Email:sales@chinatungsten.com |
Tungsten News & Prices, 3G Version: http://3g.chinatungsten.com | Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn |