Why gold price going down?

[bryant.coleman]

Is the price of gold really falling? I did not know that this could happen. I thought that gold could only go up in price because the gold on earth is slowly becoming less and less.

During the 2011-2015 period, there was a 30% to 40% decline in the price of gold (versus the United States Dollar). Your argument is 100% correct. Gold price should actually go up, as the recoverable deposits are fast getting exhausted. But then why did the price went down? One of the reasons is that the USD has risen against the other currencies, such as the EUR, UKP, and the AUD by as much as 30%. So in terms of Euro or Pound, the gold price has been stable. But there was a decline in terms of USD.

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[Vaskiy]

Is the price of gold really falling? I did not know that this could happen. I thought that gold could only go up in price because the gold on earth is slowly becoming less and less.

Yeah I too thought that the gold rate is increasing day by day as many people in my country invest in gold. Also I don't know how far it is true that gold rate has gone down.

[Pab]

Dollar up gold down but just a little.It is very easy to keep gold price on low level and buy at low price
Wise investors are moving out from stocks entering in gold
In fact gold price and btc is stable,if you look markets it is up and down

[BitHodler]

Dollar up gold down but just a little.It is very easy to keep gold price on low level and buy at low price
Wise investors are moving out from stocks entering in gold
In fact gold price and btc is stable,if you look markets it is up and down

Wise investors cash out stocks and cash out Gold to invest in Bitcoin. Why being happy with 10% profit from stocks and Gold while you can get around 30-50% profit per year with Bitcoin.

I would definitely go for Bitcoin because there is a lot more profit to be made within a reasonable amount of time.

[Bepesand]

Dollar up gold down but just a little.It is very easy to keep gold price on low level and buy at low price
Wise investors are moving out from stocks entering in gold
In fact gold price and btc is stable,if you look markets it is up and down

Wise investors cash out stocks and cash out Gold to invest in Bitcoin. Why being happy with 10% profit from stocks and Gold while you can get around 30-50% profit per year with Bitcoin.

I would definitely go for Bitcoin because there is a lot more profit to be made within a reasonable amount of time.

That is right. The price growth on average for the bitcoin is more than 100% a year in the past. But big investors will not invest it as it is too volatile.

[Enotche]

Among investors, gold is considered as a safe haven against inflation. Because of the current euro zone inflation risks are practically not observed, and the reasons to opt for the yellow metal is not available, and consequently the price of gold fall.

I also heard that China's economy is growing more slowly than expected. They require less and less minerals (including gold), due to the use of palladium. It is possible that the Central Bank of the country will be forced to sell part of its gold reserves.

[Betwrong]

Why is gold price falling now, even when bitcoin price going up?


I want to know that.

The price of gold is going down because gold was overpriced a lot and more and more people start to realize that. Bitcoin on the other hand was underestimated by many and now we can see that the price of it is going up slowly but steadily.

P.S. I was nicely surprized today seeing 474,8 )

[Nikolaisom]

The gold price is not going down and you can see that it was stable for a long time so that is really nice.
But it is indeed hard to know what will happen with the price but we just have to wait and see.

[Etaren]

Is the price of gold really falling? I did not know that this could happen. I thought that gold could only go up in price because the gold on earth is slowly becoming less and less.

During the 2011-2015 period, there was a 30% to 40% decline in the price of gold (versus the United States Dollar). Your argument is 100% correct. Gold price should actually go up, as the recoverable deposits are fast getting exhausted. But then why did the price went down? One of the reasons is that the USD has risen against the other currencies, such as the EUR, UKP, and the AUD by as much as 30%. So in terms of Euro or Pound, the gold price has been stable. But there was a decline in terms of USD.

The gold price is going down because you can see that gold is also reducing in using and that is bad for the currency and that is because Bitcoin is getting more popular.
And you see also that there are now more people that is going to use Bitcoin because they see that it will have brighter future.

[STT]

Gold is being used more then a decade ago.   The main buyer of gold is central banks, who have held dollars as a reserve in the majority and found them stuck in USA foreign policy to an unsafe degree.    This effect is increasing if anything because of the QE applied by USA in their fiscal strategy.

I wouldnt have anything to do with gold if it was about speculating if the world consumers like gold watches this year or not or perhaps a new trend is coming and 'people dont need gold'
Obviously gold is in theory fairly unused, a commodity we can skip altogether but that ignores the biggest dynamics in modern finance

because gold was overpriced a lot and more and more people start to realize that.

Gold price is not changing.  The dollar price is changing relative to Yen, relative to Oil and many things globaly.  The dollars are teetering between vast production from its own Federal reserve and the global reserve currency system of which Dollar is by far the largest part though USA by itself constitutes a small part of trade now its exporting far less then when the FED was setup or even when Nixon altered dollars to diverge from gold.

Consider which is the biggest change in the price now, has gold changed or has the political backdrop to US Dollar worth changed.  Its clear the inert gold is not overpriced or underpriced, its change is tiny compared to modern currency values

[ps_jb]

Buy now - then close to October when price will be maximum for the year sell

[Marbit]

Decrease This is in line with the declining prices of some commodities world, so that inflation expectations are reduced market Gradually Also
so the market fears diminished and gave a negative stimulus to the gold price.


so the market fears diminished, and gave a negative stimulus to the gold price.

To know the demand of people for Gold its going to vanish, People are thinking more and more profitable business to make their money double without any problem, This is because Bitcoin stand in one valuable place.

[gilangIDR]

I do not understand about the movement of gold. but I believe gold will remain strong for the movement of the commodity economy. I believe gold has its price groove. Gold will remain the best place to invest.

[sk00t3r]

Is the price of gold really falling? I did not know that this could happen. I thought that gold could only go up in price because the gold on earth is slowly becoming less and less.

Yeah I too thought that the gold rate is increasing day by day as many people in my country invest in gold. Also I don't know how far it is true that gold rate has gone down.

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great think I think about gold price going down  because compare to wold marketing may be and according to other currency is increase so now more people are not using gold his broken a trust .

[Crazygreek]

Don't really know nothing about this, i though that gold price is stable and i also can't find any reasons of this happenning. Maybe you are wrong or something else?

[Lokfar]

The gold price was stable for a long time and it is going down a bit because the value of the Bitcoin is also now rising slowly and that is really nice for the Bitcoin.
But the bad thing is that nobody will know what will happen and that is the problem of the Bitcoin, but I think it will be more popular also in the future as a payment method.

[Nowl1935]

Why is gold price falling now, even when bitcoin price going up?


I want to know that.

My point of view  is that people who normally invest in gold when they are worried about the economy are now seeing the stock market way down. They are selling off their gold to invest in stocks which are very cheap right now.

The reason gold fluctuates is because it is not being used as money. If it were, its value would remain constant.

Over the long haul, gold retains its value, that's why people want to buy it when they get worried. Gold is real money. And gold is worthless when no one wnats to use it.

[bitbunnny]

Maybe the price of.gold is going down at the moment but this prety normal thing like ups and downs with Bitcoin price. It depends on the situation on the markets and stocks, current demand and the whole economy situation. But still gold will always have the value and the long term is a good investment.

[JeffBrad12]

Maybe the price of.gold is going down at the moment but this prety normal thing like ups and downs with Bitcoin price. It depends on the situation on the markets and stocks, current demand and the whole economy situation. But still gold will always have the value and the long term is a good investment.

Maybe the value of gold is going down but just a little... comparing with bitcoin at $450 and just for several hours can falling into $$400... it's always be a correct answer because gold is very limit and different with bitcoin or cryptocurrency.
https://www.bullionvault.com/gold-price-chart.do

[gandame]

Why is gold price falling now, even when bitcoin price going up?


I want to know that.

The gold is there are different types of low quality and so high quality. The gold market if suply is small the gold price is increase but if the suply is plenty now the gold price is going down.
The bitcoin has nothing to do with the gold because they differ bitcoin is up and down the price increases if the price of bitcoin due to traders and miners . So if the price increases of bitcoin will not affect the gold even the price of bitcoin drop.