gold
Gold , scientifically referred to as the Au, is a dense chemical element that has a bright yellow color and is characterized by many qualities that make it precious metals and has contributed to exceptional properties throughout history . It is an attractive metal in color and non-perishable, which is characterized by pristine when its presence is often in nature, [1] it is also used in the manufacture of coins metal and gold designs in jewelry. [2]
gold price
The price of gold is the value used in gold trading markets, [3] and is influenced by its price , such as the prices of all products supply and demand in the market ; as it is used in many industrial fields, and forms part of the wealth stocks, reserves the central bank reserves of gold In the form of gold bullion , and is a safe and alternative stock for the US dollar ; so investors prefer to hold it during the period of economic instability. [4]
Reasons for the low price of gold
The price of gold fluctuates between highs and lows and is often associated with global reasons, especially when gold suffers from a marked decline leading to a decline.
1 The strengthening of the US dollar , which supports the value of the US dollar based on the macroeconomic data of the United States of America , and this contributed to strengthening the value of the dollar against the values of other currencies in the basket of financial, and is expected that the improvement in the macro economy will lead to higher interest rates. [5]
2 The interest rate is an additional financial value paid for loans or purchases of products through credit. [6] The rate hike is based on the nature of economic growth , leading investors to look for an indication from the Federal Reserve about the date for raising Interest rate, which leads to a lower price of gold. [5]
3 Financial institutions and banks abandon the use of gold as a global reserve currency. [7]
4 The rise in purchasing power and the increase in economic growth. Most of the emerging economic sectors in the country witnessed significant growth in 2012, resulting in a lack of interest in buying gold as a result of their economic strength, with India and China abandoning the idea of buying or collecting the available gold In one pot. [8]
5 Special crises in eurozone debt . A group of central banks in most of the euro-zone countries have put up a lot of gold, but in turn have seen weakness in their demand, leading to a fall in prices. [8]
History of gold
Since about 3600 BC gold has been one of the most important factors contributing to the development of the global economy . The workers in the formulation of metals in Egypt to dissolve and smelting of mineral ores for the purpose of internal separation of metals , and in 2600 BC spread its formulation in Mesopotamia , a jeweler industry jewelry diverse gold, and appeared in the reign of King Crosos rule in 564 BC , the first gold coins in the world through the use of advanced technologies for refining gold. [9]
In 1300 he founded the world's first precious metals inspection system. His office remains in London until this day. The gold standard was used in 1717 in the United Kingdom , prompting the British government to link the currency with the fixed gold price. In the period between 1870 - 1900 AD Most countries adopted the gold standard and linked it to their currencies. [9]
The Second World War in 1939 led to the closure of the gold market in the city of London, and returned to the countries of the world to use a fixed system of exchange rates by relying on the dollar that accepts the transition to gold, and in 1961 used gold for the first time on a space flight, and in In 1971, the gold window was closed; the dollar could no longer be converted into gold. In 2009, the central banks bought it again. In 2010, it maintained record rates, resulting in the destruction of banknotes in conjunction with successive financial crises and fear of inflation. Economic development . [9]
Gold properties
Gold is characterized by several characteristics contribute to make it more distinguished from other minerals, the most important of these characteristics:
1 It is the most dense metal among all types of metals. [1]
2 It is one of the well - conductivity metal energy and electric heat. [1]
3 It makes thin sheets known as gold leaf. [1]
4 Gold cheating is very difficult. The addition of another metal to a gold alloy results in a decrease in weight from the real weight. [10]
Uses of gold
Contributed to the color gold distinctive and not exposed to the erosion of the impact on human life; where he is one of the first metals that have attracted the attention of the people; which led to its use in a range of uses including: [1]
1 The gold industry, which still exists today, is considered one of the favorite materials in the process of crafting jewelry, and the tools that contain decorative forms.
2 Gold is the world's first material to be accepted for the purchase and sale of goods and services, whether in the form of alloys or coins.
3 Supporting financial systems for paper currencies; specifically when it was widely spread in the nineteenth century AD.
4 Gold is part of the financial reserves; central and state governments hold about 45% of the world's total gold and are still accepted as a means of payment between countries.
References
1 - ^ A b t w c The Editors Of Encyclopædia Britannica (8-5-2017), " a Gold ( by Au)" , Encyclopædia Britannica , Retrieved 22-6-2017. Edited.
2 - ↑ "Gold" , Oxford Dictionaries , Retrieved 22-6-2017. Edited.
3 - ↑ "Gold Price" , Cambridge Dictionary , Retrieved 22-6-2017. Edited.
4 - ↑ "Gold Price History" , Reuters , Retrieved 22-6-2017. Edited.
5 - ^ A b Great Speculations (12-9-2014), "Reasons For The Decline with In a Gold 's Avatar Recent Prices" , the Forbes , Retrieved 22-6-2017. Edited.
6 ↑ "interest" , Collins Dictionary , Retrieved 22-6-2017. Edited.
7 -↑ Hajar Kneo (2-8-2015), "Why does gold and oil continue to decline globally?" , The Lebanese daily newspaper , see it on 9/7-2017. Acting.
8 - ^ A b Ahmed Yusuf (20-5-2013), "economists define four factors that indicate a decline in the price of gold to $ 1,200 an ounce during the current year" , the Kuwaiti newspaper news , web page. Acting.
9 - ^ A b t "A History Of gold Diamond Elissian" , Telegraph , 4-12-2010, Retrieved 22-6-2017. Edited.
13 - ↑ Quoted from the Saudi Economic Journal (31-12-2013), Gold Properties and How to Invest in it - Arabic , p.
By Majd Fararja