What is the reason of the backside that Burmese gold rises in price?

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Burmese although teem with jade, but Burmese more loving however taste at another kind of excessive act the role ofing -- gold. Gold serves as a kind of luxury, in Burmese get of most person love, especially a few star and wealthy old woman, the person that can say be gold to dote on.

But, the gold price 2018, rise in insanity all the time. In Feburary when the middle ten days of a month, the price of 1 armour gold exceeded 940000 remote money, later, broke through 950000 remote money again, arrived when August, the gold price of 1 armour gold is top obtained 961300 remote money. When September 12, gold price with 1 armour the price of 993000 remote money achieves new record.

Domestic gold trader people message, when September 12, domestic gold price with 1 armour 993000 remote money, achieve price of Burmese history gold new tall. So, what is the reason that gold price rises madly?

Boss of inn of a gold says, gold price violent wind promotes innovation tall, because dollar exchange rate rises,that is, want dollar exchange rate to drop only, that gold price also should drop, present price affects the market to trade.

Really, dollar exchange rate brings about the main reason that gold price rises ceaselessly namely. As we have learned, burmese dollar exchange rate rises this year very fast, also broke before record. When August 15, the dollar is to the exchange rate of remote money 1 than 1525, before comparing two skies went up 50 to 60 remote money. Later, dollar exchange rate maintains basically in 1 than 1500 above.

When August 16, exchange rate of money of dollar add remote is 1 than 1560, gold price is 1 armour that day 957000 remote money. And when September 12, dollar exchange rate rises for 1 than 1567 remote money, gold price also rises subsequently for 1 armour 993000 remote money.

It is reported, inside May, 1 ounce is the price of the gold on international 1300 much dollars, and the 1 ounce when September 12 is 1196 dollars. Visible, the price of international gold is unusual to appearing change, convert remote money, the gold price that also goes up with current and Burmese market differs not quite, the problem with Burmese gold high price goes to go up in dollar exchange rate.

Wu Jiao of chairman of association of Burmese gold trade is lukewarm say, present gold price, it is Burmese history maximum price, as comparative as international gold price, still be the due price on the market. Because dollar exchange rate rises, rise so, cannot demand a low price, won't intervene to this association adjusting control.

Gold inn people inform, because gold rises in price, the business that is store of this gold jewelry also is affected, very cool.

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