Who Controls the International Gold Price?

Who Controls the International Gold Price

The international gold price changes in real time according to the daily fixing price of London gold.
The international gold price is an auxiliary index to measure the trend of gold. As the largest and most powerful financial portal website, Jintou.com not only provides popular international gold market information, today’s international gold price, today’s international gold price, but also provides international gold price related information and today’s international gold price analysis methods and other knowledge.
The London gold price is the physical gold price and the most important gold price in the world. The gold market in many countries and regions uses the London gold price as the standard, and then fluctuates according to their respective supply and demand conditions. The London gold price is also the benchmark price for many contracts involving gold transactions. Every day, London Gold has a pricing power, and its price will be determined by the four major traders. Therefore, its gold price also changes according to the fluctuation of the international gold price.
If the spot gold falls, it will also be accompanied by lower mining costs, and the purchase price of gold will be cheaper. Therefore, developers will only make profits and add more gold to developers when they are at a high level, then the decline of gold will directly lead to the backlog of inventories for developers, which will cause huge losses in serious cases.
The density of gold will change slightly with the change of temperature. The density of gold at room temperature is 19.29-19.37 grams per cubic centimeter, which is generally about twice as heavy as silver, lead and tin of the same volume. The mass (grams) of a certain gold jewelry can be compared to the volume (cubic centimeters) of a certain gold jewelry, which is equal to the density. Find the density of the gold jewelry measured, if the density is about 19.32 g/cm3, it is pure gold or relatively pure gold, otherwise it is non-pure gold or gold with poor color (this method has no destructive effect on the jewelry).
Only very few metals are denser than gold in the density test. The density of pure 24K gold is about 19.3 g/ml, which is much higher than other metals, generally the higher the density, the higher the purity of gold.

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