Huixinrong Precious Metals Company Agent

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'r h' The first round of the bull market, year ~ year (USD/ounce)
'r h' After the end of World War II, the United States led the "Bretton Woods System" agreement, and world trade was settled in US dollars. currency. Among them, the U.S. dollar was directly linked to gold, and the agreement stipulated that gold be priced at U.S. dollars per ounce. After that, the price of gold remained stable for a long time.
'r h' In the 1990s, the United States had a serious fiscal deficit and the dollar depreciated wildly. Governments began to doubt whether the dollar would collapse, and they were also worried that the dollars they held would shrink significantly. Governments or central banks of various countries have exchanged U.S. dollars for gold, which has led to a sharp decline in U.S. gold reserves and seriously affected the stability of the U.S. currency. On March 1, 2018, then-President Richard Nixon of the United States delivered a televised speech, closing the gold window and stopping governments or central banks from converting U.S. dollars into gold. The U.S. dollar got rid of the shackles of gold, and its price began to float freely.
'r h' By 2008, the price of gold rose to US$/ounce. In 2008, the price of gold rose to US$/ounce. In the past three years, the increase in gold prices has slowed down, but the highest has reached US$/ounce. Affected by the oil crisis in 2007, international oil prices soared to US$/barrel, and as a result, gold prices also rose to a record high of US$/oz.
'r h' The surge in oil prices, the depreciation of the US dollar and the US inflation rate also pushed up the price of gold to around US$/oz. The next year, the price of gold soared to a record high in dollars per ounce. Subsequently, the U.S. government intervened in gold prices again, ultimately ending the year-long gold bull market.