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This week, world trading gold prices moved stronger, after the following week the gold price fell by more than 1%.
In trading Friday (12/2/2021) this weekend, the price of this precious metal fell 0.1% to the level of US $ 1. 823.46 / troy ounce. But over the past week, the price of gold has actually strengthened by 0, 65%.
The world gold price is still in a strengthening trend so far this week, because the US dollar index (US) is still under pressure. But when viewed since the early hours of the year, the real gold price is still shrinking.
For information, the world gold price so far this year until Thursday (11/2/2021) yesterday posted a decrease of 2.9%.
Gold is actually a relic that is predicted to shine this year. Because, there are still factors that support gold to run.
The US central bank (Federal Reserve / The Fed) emphasized that it still wants to maintain loose monetary policy. Interest rates are still low below 0.25% and are intended to be maintained until 2023, while the US $ 120 billion per month quantitative easing (QE) program is yet to be reduced.
After that, the US Government in the command base of President Joseph Joe Biden, & nbsp; & nbsp; will & nbsp; pour in fiscal stimulus worth US $ 1.9 trillion, & nbsp; and may be mostly disbursed in the next few weeks.
Monetary and fiscal stimulus are the main fuel for gold to climb. In the following year, both of them made world gold record the highest record so far as the period of US $ 2. 072.49 / troy ounce on August 7, 2020, and Antam's gold at Rp. 065,000 / stick at the same time.
However, the movement since the early hours of this year has sort of shown gold losing steam to strengthen. If this continues, then investing in gold is certainly at risk of losing money.
Because, gold is a legacy without yields, only obtained from an increase in the difference between the purchase price and the selling price. If you buy gold at the end of a year later, you still have a loss until now.