Why gold price going down?

[Ninjaskills]

with negative trends like this, and gold prices continue to down,
whether it can be used as a long-term investment?
Most people think its can not, so the price goes down

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[Decoded]

with negative trends like this, and gold prices continue to down,
whether it can be used as a long-term investment?
Most people think its can not, so the price goes down

Slowly but surely, gold is being used less and less. Diamonds are a good investment, as they are mainly used in industry, and the supply is getting lower now and then. But in my opinion, bitcoin is still the best investment. I'd choose it over diamonds/gold any day.

[vero]

Yes, let the gold price go down so that people forget we have printed alot of paper money then we can print some more, and the cycle repeat, easy money.

[roadbits]

Gold prices currently going down because of two main reasons. First thing USD becoming more stronger and when ever USD appreciates then gold will fall down. Another main reason is demand has gone down for gold from the worlds most consumable countries like India and Chain. All these factors are temporary once growth picks up then surely gold prices will go up but in short term gold may come down some more.

[bryant.coleman]

Gold prices currently going down because of two main reasons. First thing USD becoming more stronger and when ever USD appreciates then gold will fall down. Another main reason is demand has gone down for gold from the worlds most consumable countries like India and Chain. All these factors are temporary once growth picks up then surely gold prices will go up but in short term gold may come down some more.

1. Yes. It is true that the value of the USD has gone up. This has resulted in the devaluation of other currencies and commodities. But the trend should reverse itself in 2-3 years time.

2. I am not seeing any long-term decline in the demand from India and China. The Chinese demand is stable, while that from India is down slightly due to the government introducing new taxes on gold import.

[roadbits]

Gold prices currently going down because of two main reasons. First thing USD becoming more stronger and when ever USD appreciates then gold will fall down. Another main reason is demand has gone down for gold from the worlds most consumable countries like India and Chain. All these factors are temporary once growth picks up then surely gold prices will go up but in short term gold may come down some more.

1. Yes. It is true that the value of the USD has gone up. This has resulted in the devaluation of other currencies and commodities. But the trend should reverse itself in 2-3 years time.

2. I am not seeing any long-term decline in the demand from India and China. The Chinese demand is stable, while that from India is down slightly due to the government introducing new taxes on gold import.

China I'm really not sure how long the demand will be down but the Indian government has introduced few new schemes for people put their gold in banks and banks are giving them some interest for gold deposits. They have a plans to reduce import of gold for long term if they can tap this tons of gold are holding by Indian common people so we need to wait and see how this new scheme will impact on gold prices

[bryant.coleman]

China I'm really not sure how long the demand will be down but the Indian government has introduced few new schemes for people put their gold in banks and banks are giving them some interest for gold deposits. They have a plans to reduce import of gold for long term if they can tap this tons of gold are holding by Indian common people so we need to wait and see how this new scheme will impact on gold prices

I don't know how this is going to work. Most of the gold circulating within India is in the form of jewelry. How the government will collect and store this gold? And how they are going to pay interest over these deposits? Unlike the fiat cash, the gold can't be loaned out to someone. So the government will not be able to collect any additional revenue. So from where the profit will come, to pay the interest?

[Blawpaw]

The price of gold is not going down. It looks like its going down but it actually is rising on the long run. Bitcoin is much like gold, and if it survives, it will certainly rise in the long run!

[Linuld]

The price of gold is not going down. It looks like its going down but it actually is rising on the long run. Bitcoin is much like gold, and if it survives, it will certainly rise in the long run!

I think your wrong, prices of gold is going down as of now because USD is going up so whenever USD moves up gold will surely come down. Also US thinking to raise interest rate next month so investors betting on USD so it is going up now. But for long term gold will surly go up.

[Snorek]

I find that is very hard to find "why gold price going down or up". There is many factor`s that can determin price of gold. Lower demand, low global inflation, strengthening dollar... for me most interesting is "manipulation". This is nice article with very nice explination about the six major fundamental factors that determine gold and silver prices :

http://snbchf.com/gold/gold-and-silver-prices/
To understand gold market you need to read a lot. Search for news about everything that can have impact on price. China, U.S., Russia, Europe and other state`s have big influence on market. There is also big player`s that play that game pumping and dumping before we even born. What ever it may be the reasons of this price going down I think it gold will regain its position.

I managed to find this comment about current gold price downfall:

The gold price tumbled on Friday, conforming to type in the face of a surge in expectations of an increase in interest rates by the Federal Reserve.

Boris Mikanikrezai, an analyst at FastMarkets, said: "We believe that the sharp weakening in gold prices was the result of growing Fed tightening expectations. While we remain bearish toward the metal in the near term, we do not rule out short-term brief rallies, triggered by disappointing US data releases."

As always it seems like government is to blame for this.

[yenxz]

i think,it depending volume of gold in the world

[Betwrong]

IMO the price of gold correlates inversely with the state of economy in general and therefore it rises in times of an economic crisis and drops when everything is stabilized.

Most people believe that buying gold is a good investment, what they are overlooking is that almost everyone thinks this way, which creates high demand and the price of gold rises to the point when buying it is not a good investment at all. This was the case in 2011, for example, when the price of gold was over $1,800/oz.

[edward222]

Because of politics, market forces and pure fear out there, I'm skeptical gold could drop much further. Even if we have another general market crash a la '08, I'm doubting it'd drop much from here (less than 20% probably--perhaps even none or increase).

Silver on the other hand I believe could drop further with a market crash.

But at the end of the day....who knows?

[FrostStick]

Sometimes the dollar is strong, and obviously gold goes down. In the long term I believe though gold will always outperform the fiat scam.

[pitham1]

Sometimes the dollar is strong, and obviously gold goes down. In the long term I believe though gold will always outperform the fiat scam.

Yes, in the long-term, gold is expected to win.
Everybody expects gold to be a hedge against inflation, because fiat is expected to be devalued as the printing presses keep rolling on.

[~Bitcoin~]

I had read one news about a massive gold reserve has been found in china a few days ago. I think this can be one of the many reason for its price to go down.

[Amph]

Sometimes the dollar is strong, and obviously gold goes down. In the long term I believe though gold will always outperform the fiat scam.

it also depend on other asset, many see the increase in something else and dump their gold or silver or whatever, it's like when bitcoin increase and the other dump altcoin to buy in

[avw1982]

Gold prices currently going down because of two main reasons. First thing USD becoming more stronger and when ever USD appreciates then gold will fall down. Another main reason is demand has gone down for gold from the worlds most consumable countries like India and Chain. All these factors are temporary once growth picks up then surely gold prices will go up but in short term gold may come down some more.

Its a bad news for gold market. Actually American economy bringing prospects of higher interest rates. If the world economy does indeed collapse completely, lead may be more useful than gold. and now public confidence in fiat money now metal.

[n691309]

Why i am seeing everywhere bad news, lots of price drops on different (crypto)currencies, maybe the end of the year and people are focusing on real life offers for new year sales.

[bajing]

Sometimes the dollar is strong, and obviously gold goes down. In the long term I believe though gold will always outperform the fiat scam.

it can also who investment in gold look bitcoin price increase and dump their gold and buy bitcoin.

Yeah in long term Gold always win, but could someday there is a new material that exceeds the gold on earth.

gold always win? i dont think so, you know this year price gold decrease 30% an potential decrease more. i think bitcoin is still won as a good investment