Gold prices reached a record level when the price of the ounce (ounce) $1,400 USD/Troy Ounce, and this is the first time in which the price of ounce reach it, and financial analysts are expected to continue rising gold prices may reach to the borders of $1,500 and $2,000 USD/Troy Ounce so in the future. But what are the real reasons behind this unprecedented rise in the price of gold.
1 – increasing deficit in balance of trade to the United States:
The increasing deficit in balance of trade to the United States and one of the reasons for the high price of gold, and this deficit is caused by increasing the proportion of imports to private consumption, including the volume of exports. When the ratio of the rise in imports by 1.4% and the percentage rise in exports, 0.4% becomes a deficit in the trade balance and thus increase the price of gold.
2 – low output
The decline in production of some gold-producing countries to be another reason added to the reasons for the high prices of gold, the most important gold-producing countries are: South Africa and the United States, Canada, Australia, China and the Philippines.
3 – political and economic factors
D confirm. Akram Abdel Aziz economic expert that political and economic events in the world play an important role in the rise in gold prices in global markets, as happened in the Asian markets and early in this century, when gold prices rose by more than 25% compared to last year. As you can see d. Ikram he can read the reasons for the rise in the price of gold in the light of what is happening from the fluctuations in the financial markets and the global oil market as reflected in the exchange rates of currencies in general and the dollar in particular, prompting some states to store large quantities of raw gold in anticipation of what can be exposed to the global economy from political risks and security, as happened in Japan and Russia.
This is reinforced by the rise, the more severe and virulent crisis that is sweeping the world in its economic, social, and so it is clear that there is a general trend Nhawwaatmad gold as a store of wealth away from the risk of other investment vehicles and the vagaries of exchange rate volatility in stock markets, especially after it announced some companies go bankrupt in some states the world.
4 – increase in demand
With the ills of economic expert, Dr.. Ibrahim Roses, the reasons for the rise in gold prices to increase the size of global demand and shortages in supply of it, pushing gold prices to rise by much more than 50% of the previous price, and perhaps shows the correlation between high prices of crude oil and rise in gold prices during the last period, and can say that the increase in revenues oil countries heading towards the gold market, which led to higher gold prices.