Why has gold been rising in price?

The reasons for the price increase of this commodity mainly include the following aspects:

1, the impact of the global economic situation. Due to the COVID-19 epidemic, trade frictions, political turmoil and other factors, the global economy is facing multiple challenges, which leads investors to seek safer safe-haven assets. As a relatively stable and safe asset, gold has naturally become the first choice for investors.

2. Inflation and easing policy. With the loosening of global monetary policy, the risk of inflation is getting higher and higher. In this case, gold is more attractive as a hedging tool. In addition, the government's loose policy may also lead to a large amount of liquidity entering the market, which can easily be used to buy gold, thus raising the price of gold.