is GOLD price going to Fall ?

As of now, there are a few factors which are driving gold price, crazy ->

• Central Bank buying gold
• Uncertainty in the world
• Countries seeking D authorisation
• Demand vs supply
• Central banks buying the gold

Central Bank buying gold :

All around the world, Central banks are constantly buying the gold. If I name the countries, then China, Russia, Turkey, India, Poland, Kazakhstan, and most of the bricks nations..

China is the major player in this game. China’s People banks of China and other Central banks are buying few terms of the gold, each and every month consistency for past few years from the global market.

If I talk about the Russia, Russia is not actually buying from the global market, but it is buying from the domestic Gold production, which is happening in the country .

Turkey, India and Poland have been aggressively buyers to their buying contribution is not much as the Russia and the China, but their Central banks are so constantly buying gold .

In all of this situation, India is a little bit special case as Indian central bank doesn’t need to buy so much gold as India’s domestic consumption of the gold is highest in the world. If I talk about the one year, then it is around 500 tons of the Gold And which is going up day by day.

 uncertainty in the world :

The uncertainty in the world, that means there is any event in the world, which is causing the tensions between the countries and creating the problem for economics .

For example, Covid was the first ear that was playing major role after that Russia Ukraine war, then again, China, US trade war, following the Israel, Palestine war, and now there are five more war that are possibly going to be in next three years .

Possible upcoming war are USA vs Venezuela,

Russia  vs Poland , Israel vs Qatar.

As long as there are boys going, the economics around the world are going to be suffering and hence there is uncertainty in the world. The stable thing which will be protecting peoples. Money is the gold that’s why as long as there is a war, there will be search in the gold prices .

countries seeking de dollarization :

Right now US dollar is the main player when it comes to the global trade but it looks like in past few years, USA has been abusing that particular power. That’s why countries are now decided to move away from the US dollar specially bricks nations.

If I talk about the current train, then China, India, Russia and Brazil are started stockpiling goals as they can use for backing the new currency. There are speculations in the market that there will be bricks currency which will be backed by the gold.

And all bricks nations are going to be using that particular currency, so that tells why the gold price has been searched. 40% in this year alone.

Demand vs supply :

I don’t need to tell you that gold is finite in this world. Every single year gold demand is increasing, but the production is not, and that is the fact.

There are some major countries who produces gold, but hence the gold prices are going up and there is a global answer. 20. These countries are basically buying their domestic gold production, making the gold short in global market.

All of these reasons are mainly responsible for the going gold price of this year and none of them are going away for at least next five years that tells the gold price is not going to fall for at least next for five years .

That doesn’t mean that gold will steadily increase. There might be possibility that gold will go from few fluctuations depending on when there is a demand in the global market and there is a supply shortage, but if you take the overall consideration, then there is a high chance that it will keep growing for next few years with zero doubt .