According to 1xbet Financial Times article, spot gold price is now more than investors had expected. According to Deutsche Bank analyst Michael Grant Sporre and Hsueh said, the price of gold and the expansion of global Central Bank asset purchases a positive correlation between the ratio of the balance sheet. According to these two Deutsche Bank analysts said, from 2015, the Central Bank’s balance sheet expansion speed of up to 300%, which means that the price of gold still has a lot of upside.
They in research report in the said: “let we first make clear is, we does not will think recently international gold will rose to each ounces 1700 dollars, but we from global four Bank (fed, and Europe Bank, and Japan Bank and people’s Bank of China) constantly fast expansion of balance sheet on can see, gold price will will rose, from long-term see international gold will rose to 1700 dollars/ounces, and currently spot gold price for each ounces 1326 dollars. “Certain is that gold is not money, but a lot of people think gold is a currency. Although not legal currency of gold, but gold can exchange goods and services. Gold pulled out of circulation, is no longer used as currency in circulation is that gold is not easy to carry and segmentation.
Historically major global Central Bank balance sheet expansion, 1xbet financial network that gold prices will rise sharply, but gold prices failed to rise. They wrote in the study, over the past 20 years in ruptured the relationship between gold prices and the Central Bank’s balance sheet. During the great depression, global central banks were aggressively selling gold reserves to deal with the lack of liquidity. In 2013, the Fed prepared reduced-QE, after gold prices was restrained.