{"id":18019,"date":"2021-08-11T07:32:03","date_gmt":"2021-08-11T05:32:03","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=18019\/"},"modified":"2021-08-11T07:32:03","modified_gmt":"2021-08-11T05:32:03","slug":"why-is-gold-falling","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/why-is-gold-falling\/","title":{"rendered":"Why is gold falling?"},"content":{"rendered":"<table cellspacing=\"0\" cellpadding=\"4\">\n<tbody>\n<tr>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">Gold<\/span>\u00a0 1732,40<br \/>\n(<span style=\"color: #008000;\">+0,22%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">EURUSD<\/span>\u00a0 \u00a01,172<br \/>\n(<span style=\"color: #008000;\">+0,01%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DJIA<\/span>\u00a0 35135,50<br \/>\n(<span style=\"color: #008000;\">+0,01%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">OIL.WTI<\/span>\u00a0 68,125<br \/>\n(<span style=\"color: #ff0000;\">-0,50%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DAX<\/span>\u00a0 15775,50<br \/>\n(<span style=\"color: #008000;\">+0,01%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">The market opening on Monday night was a cold shower for the yellow metal bulls. In a low liquidity environment, gold collapsed sharply by $80 at once. Yes, the price rebounded slightly after stops were removed. However, the trend is worrisome.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nXAUUSD<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-18020 aligncenter\" src=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2021\/08\/XAUUSD.png\" alt=\"XAUUSD\" width=\"600\" height=\"238\" \/><\/p>\n<p align=\"justify\">We are all well aware of the fundamental reasons that should lead to the rise of the gold metal. First of all, inflation is accelerating around the world. However, gold stubbornly refuses to rise towards the $2,000 per troy ounce level.<br \/>\nLet&#8217;s consider what other fundamental reasons there are for this. So far there are two.<br \/>\nIn one case (not the most important, but important), we are talking about the fact that after the highest historical prices last year, the gold mining companies have increased the production volume. This means that the supply of yellow metal to the market has also increased. Everything is logical. On expectations of growth of cost up to 3 or even 4 thousand dollars (as trumpeted by analysts), gold mining at mines with higher production costs began.<br \/>\nAccording to statistics, in the first half of 2021, gold production amounted to 1,784 tonnes. This is almost 10% more than what was produced last year. Moreover. This is the highest level in the last 20 years.<br \/>\nThe second was affected by the coronavirus epidemic in India. It has sharply reduced the production in the local jewellery industry. Consequently, the demand for gold has fallen sharply. And this is huge by the standards of the market, 500 tons of physical gold.<br \/>\nSo we have two factors. One increased the supply of gold metal in the first half of 2021. And the other has reduced it. We think this is one of the main reasons why gold is not rising following other commodity groups.<br \/>\nThe following development seems logical. As the situation with coronavirus improves in Asian countries, and above all in India, demand for physical gold in the jewelry industry will rise again. This will lead to an increase in the value of the yellow metal.<\/p>\n<p align=\"justify\">08.00 German consumer price index for July<br \/>\n14.30 US Consumer Price Index for July<\/p>\n<hr \/>\n<p style=\"text-align: center;\" align=\"justify\">Important Notes on This Publication:<small> <\/small><\/p>\n<p align=\"justify\"><small>The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold\u00a0 1732,40 (+0,22%) EURUSD\u00a0 \u00a01,172 (+0,01%) DJIA\u00a0 35135,50 (+0,01%) OIL.WTI\u00a0 68,125 (-0,50%) DAX\u00a0 15775,50 (+0,01%) The market opening on Monday night was a cold shower for the yellow metal bulls&#8230;.<\/p>\n","protected":false},"author":37,"featured_media":17595,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-18019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why is gold falling? | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"The market opening on Monday night was a cold shower for the yellow metal bulls\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bernstein-bank.com\/en\/why-is-gold-falling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why is gold falling? 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