How much is gold in 2018? Price trend of gold in 2018
4hw.com.cn: gold is hard currency. Many people will buy gold as financial investment. Whether they buy gold as investment or consumption, they need to be optimistic about the market before starting. What is the trend of gold price in 2018? How much is a gram of gold in 2018? Let's take a look at it together with Sihai Xiaobian!
How much is a gram of gold in 2018
Zhoudafu gold 346 yuan / g, zhoushenghuang gold 346 yuan / g, Liufu gold 346 yuan / g, zhoudasheng gold 346 yuan / g, zhouliufu gold 346 yuan / g, jinzhizun gold 346 yuan / g, Caibai gold 338 yuan / g, Shanghai Laofengxiang 347 yuan / g, Shanghai Laomiao gold 345 yuan / g, subject to the store.
After two consecutive years of rising in 2016 and 2017, the international gold price entered the first quarter of 2018, and finally ended with rising. In the analysis of foreign exchange market, we can see that the price of gold has increased by more than 40 US dollars since January 1, 2018, near us $1300, and up to the latest closing price of 1340. Throughout the first quarter of 2018, gold prices remained in the range of 1305 to 1365. The rise in the first quarter was mainly due to the rapid pull-up in January, followed by February and March, which were in a standard volatile market.
The main driver of gold price in January is the risk aversion caused by the sharp fall of global stock market. At the same time, the US dollar index also fell more than 3.4% in January, which is a significant support for gold price. But then, with the U.S. stocks in a high shock, the U.S. dollar index in a volatile market at the same time, gold prices are difficult to get out of the trend market.
2018 gold price trend Preview
In 2018, the gold price has maintained a strong volatile market.
Can this relatively strong upward trend of shocks be sustained?
The key also depends on the trend of the US dollar index and whether the global investors' risk aversion can be fermented.
The U.S. dollar index fell by more than 10% in the whole year of 2017. In 2018, it also fell by 3% in April, which is exactly the rise of gold price. With the indicators of US economic growth steadily improving, the economic growth of the euro area on the other side has been weak. Although the euro is expected to increase interest rates, but in the short and medium term, the dollar index does not seem to have much room, or even is likely to have a rebound. A rebound in the dollar index would put gold at risk. This is not good for the price of gold.
On the other hand, the high volatility of the US stock market may be a time bomb. If the US stock does not live in the high volatility and the increasingly tight monetary environment, there may be an explosive drop in January, which will once again trigger the risk aversion mood and form an effective support for the gold price.
All in all, gold prices have both advantages and disadvantages. The final trend of gold prices also depends on the strength of the rebound of the US dollar index and when the second decline of US stocks will come. The former is driving down gold prices, while the latter is supporting the US dollar.
According to the analysis of gold / dollar trend chart, in the short term, gold price may not be able to effectively break through the high point of 1360, and may further callback to around 1300. Then, with the strong drive of risk aversion, it is the most likely way to hit up 1380 dollars.
Another path is that after a strong short-term breakthrough of 1360, it began to slowly fall to around 1300.
Finally, how gold / USD price will evolve and which path it will take depends on whether the USD index can rebound in the short term. Once the short-term rally of the dollar index is established. Then gold price will choose the first path. But if the fall in US stocks leads to risk aversion, gold could rally to break through the highs.