Gold Melting is The Hottest Industry In 2020

Gold Melting is The Hottest Industry In 2020

With the rise of gold prices intermediate frequency furnace gold smelting industry makes a lot of money.

Time:  Aug. 1st 2020

The rapid expansion of intermediate frequency furnace gold smelting industry results from the soaring international gold price

There are several main reasons to support the upward trend of gold prices:

First, the global economic recession caused by the new coronavirus.

Second, the normalization of monetary policy failed. Major economies started loose monetary policies and proactive fiscal policies to hedge against the epidemic. Interest rates dropped to extremely low levels and the deficit ratio expanded.

Third, the dollar has entered a cycle of weakening due to the weak control of the epidemic, reduced demand for the DOLLAR and the easing of the liquidity crisis.

Fourth, on the commodity side, future inflation will set the stage. The prospect of a bull market in commodities may push the gold price higher.

Thus, Medium frequency induction furnace gold smelting industry heat will continue for a long time.