Gold rebounded from the new 2-year low. The price has been consolidating during the Asian and European sessions after the market opened at 1628 yesterday. Once the news from BOE hit the market, the surge began. At the US session opening, buying came into the market and cleared the resistance at the trendline(1). The price jumped to the day-high at 1662, with the day ending at 1659, up by USD 31.
The S-T bearish trend has ended as the price trades again above the critical 1650 support. Before it clears the current resistnace at 1660, the price is now trapped in the tight range of 1650-60(1). If the market picks up the bullish momentum later in the European and US sessions, the upside target can again be set at the upper limit of the 1660-90 range.
The gain yesterday formed a clear reversal signal. The following key resistance is now sitting at 1665(4); once it’s clear, the upside target can be set at the upper limit of the downtrend channel(5) or the 20-day MA (6).
S-T Resistances:
1676
1665
1660
Market price: 1653
S-T Supports:
1650
1640
1630-28
Risk Disclosure: Gold Bullion/Silver (“Bullion”) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. This article is for reference only and is not a solicitation or advice to trade any currencies and investment products . Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require. Client should not make investment decision solely based on the point of view and information on this article.
場外式黃金/白銀交易的風險:
场外式黄金/白银交易由 Max Online 提供。 场外式黄金/白银交易涉及高度风险，未必适合所有投资者。 高度的杠杆可为阁下带来负面或正面的影响。 场外式黄金/白银并非受证券及期货事务监察委员会（「证监会」）监管，因此买卖场外式黄金/白银将不会受到证监会所颁布的规则或规例所约束，包括（但不限于）客户 款项规则。 阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。 可能出现的情况包括蒙受部分或全部初始投资额的损失，或在极端情况下（例如相关市场跳空）产生更多的损失。 因此，阁下不应将无法承受损失的资金用于投资。 投资应知悉买卖场外式黄金/白银有关的一切风险，如有需要，请向独立财务顾问寻求意见。
Gold tested a new 2-year low yesterday. Back from the weekend, gold has dropped to the early low near 1626 in the Asian session. However, the price has quickly rebounded. At the European session, it already reached the day-high at near 1649. Selling resumed in the late US session, where the day ended near the day-low at 1622.
The overall trend in the 1-hour chart is now bearish after the price cleared the 1650(1) support last Friday. Selling momentum so far isn’t too strong; an S-T downtrend channel(2) has been formed. Before the price consolidates further, clearing the support at 1620, the downtrend channel(2) can be used as a reference while trading with the 1620-50(3) range.
While the downtrend channel(5) still affects gold’s movement, the price has been moving lower tier by tier(4) on the daily chart. The range for each tier is approximately USD40 in the past 4 weeks. Expect the price to be bounded between 1610-50(4.1) temporary before the next move for now.
S-T Resistances:
1650
1645-46
1638-40
Market price: 1633
S-T Supports:
1630
1624
1620
Risk Disclosure: Gold Bullion/Silver (“Bullion”) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. This article is for reference only and is not a solicitation or advice to trade any currencies and investment products . Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require. Client should not make investment decision solely based on the point of view and information on this article.
場外式黃金/白銀交易的風險:
场外式黄金/白银交易由 Max Online 提供。 场外式黄金/白银交易涉及高度风险，未必适合所有投资者。 高度的杠杆可为阁下带来负面或正面的影响。 场外式黄金/白银并非受证券及期货事务监察委员会（「证监会」）监管，因此买卖场外式黄金/白银将不会受到证监会所颁布的规则或规例所约束，包括（但不限于）客户 款项规则。 阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。 可能出现的情况包括蒙受部分或全部初始投资额的损失，或在极端情况下（例如相关市场跳空）产生更多的损失。 因此，阁下不应将无法承受损失的资金用于投资。 投资应知悉买卖场外式黄金/白银有关的一切风险，如有需要，请向独立财务顾问寻求意见。
Gold bounced but failed to break out from the range. The day began at 1664 yesterday. The price was bounded by a tight 1660-65 range early in the Asian session. It reached the early peak of 1677 at the EU session after Putin’s speech. At the US Fed. The announcement, gold has rebounded quickly from the 1653 day-low to the weekly high of 1688. The day eventually ended at 1673, up slightly from yesterday.
Market reaction was mixed after the US Fed. Meeting. The price is still controlled by the S-T 1660-80(1) range in the 1-hour chart; v can continue to take advantage of this range before it escapes.
The buying support below 1665(2) remains effective as gold hasn’t been able to close below it in the daily chart. It will be the first sign of the price going down if it closes below 1665 on the daily chart. On the other hand, if the price fails to sink below 1665 in the next 48 hours, a jump toward 1700 may begin.
S-T Resistances:
1680
1670
1665
Market price: 1661
S-T Supports:
1660
1650-52
1640
Risk Disclosure: Gold Bullion/Silver (“Bullion”) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. This article is for reference only and is not a solicitation or advice to trade any currencies and investment products . Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require. Client should not make investment decision solely based on the point of view and information on this article.
場外式黃金/白銀交易的風險:
场外式黄金/白银交易由 Max Online 提供。 场外式黄金/白银交易涉及高度风险，未必适合所有投资者。 高度的杠杆可为阁下带来负面或正面的影响。 场外式黄金/白银并非受证券及期货事务监察委员会（「证监会」）监管，因此买卖场外式黄金/白银将不会受到证监会所颁布的规则或规例所约束，包括（但不限于）客户 款项规则。 阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。 可能出现的情况包括蒙受部分或全部初始投资额的损失，或在极端情况下（例如相关市场跳空）产生更多的损失。 因此，阁下不应将无法承受损失的资金用于投资。 投资应知悉买卖场外式黄金/白银有关的一切风险，如有需要，请向独立财务顾问寻求意见。
Awaited Fed. rate decision, gold prices remained stable yesterday. The day began at 1675, where the price overall was trending downward throughout the early Asian and European sessions. It cleared the S-T trendline(1) at the US session and traveled all the way to 1660, the daily low from the day before. The day ended at 1664, down by USD 19.
1660-80(2) can be used as an operating range before the US Fed. An announcement later on today.
Since gold cleared the 1680 support, the downward resistance line(5) is dominating the daily chart trend. The S-T support 1665(4) is still in effect. The Fed. announcement will take over the next major movement.
S-T Resistances:
1687-90
1680
1670
Market price: 1666
S-T Supports:
1665
1660
1650-52
Risk Disclosure: Gold Bullion/Silver (“Bullion”) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. This article is for reference only and is not a solicitation or advice to trade any currencies and investment products . Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require. Client should not make investment decision solely based on the point of view and information on this article.
場外式黃金/白銀交易的風險:
场外式黄金/白银交易由 Max Online 提供。 场外式黄金/白银交易涉及高度风险，未必适合所有投资者。 高度的杠杆可为阁下带来负面或正面的影响。 场外式黄金/白银并非受证券及期货事务监察委员会（「证监会」）监管，因此买卖场外式黄金/白银将不会受到证监会所颁布的规则或规例所约束，包括（但不限于）客户 款项规则。 阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。 可能出现的情况包括蒙受部分或全部初始投资额的损失，或在极端情况下（例如相关市场跳空）产生更多的损失。 因此，阁下不应将无法承受损失的资金用于投资。 投资应知悉买卖场外式黄金/白银有关的一切风险，如有需要，请向独立财务顾问寻求意见。
Gold was steady yesterday near the 2-years low yesterday. The market opens at 1657 back from the weekend. The price was rejected by the key resistance 1680 early in the Asian session, and the price kept moving lower toward the day-low near 1659 until the US session turned active. The day ended up closing at 1675, unchanged from the trading day before.
The downtrend originated from 1730 last Tuesday has completed after gold cleared the resistance from trendline(1) last Friday, and it is now officially bounded by the range 1650-90(3). A triangle pattern(2) has been formed in the past 48 hours while the market is now waiting for the announcement from US Fed. Meeting.
The gold price failed to move below 1650 after it cleared the critical support of 1680. A structural bottom is forming on the daily chart as the buying support below 1665(4) has been strong in the past 48 hours. The US Fed. The meeting will be the turning point; if the price fails to go below 1650 after the US Fed. announcement, the structural bottom will form. After the price clears the 1680 resistance, the upside target can be around 1730.
S-T Resistances:
1697-1700
1687-90
1680
Market price: 1673
S-T Supports:
1670
1660
1650-52
Risk Disclosure: Gold Bullion/Silver (“Bullion”) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. This article is for reference only and is not a solicitation or advice to trade any currencies and investment products . Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require. Client should not make investment decision solely based on the point of view and information on this article.
場外式黃金/白銀交易的風險:
场外式黄金/白银交易由 Max Online 提供。 场外式黄金/白银交易涉及高度风险，未必适合所有投资者。 高度的杠杆可为阁下带来负面或正面的影响。 场外式黄金/白银并非受证券及期货事务监察委员会（「证监会」）监管，因此买卖场外式黄金/白银将不会受到证监会所颁布的规则或规例所约束，包括（但不限于）客户 款项规则。 阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。 可能出现的情况包括蒙受部分或全部初始投资额的损失，或在极端情况下（例如相关市场跳空）产生更多的损失。 因此，阁下不应将无法承受损失的资金用于投资。 投资应知悉买卖场外式黄金/白银有关的一切风险，如有需要，请向独立财务顾问寻求意见。
Gold cleared the 1680 major support yesterday. The market opened near 1697, and the price had already sunk below 1690(1) early in the Asian session. Before the US session got active, it bounced between 1685-90. Once it cleared the critical support supprot later in the US session, the price went to a new 2-year low near 1660. The day ended at 1664, down by USD 32.
Gold finally escaped the 1690-1730(3) range yesterday, with an initial expectation of a 1:1 movement; the following trading range should be between 1650-90(3). The S-T trend will remain downward unless the price can jump above the S-T resistance line(2) that we mentioned yesterday. The S-T downside target can be set at 1650 for now.
The overall structure shifted from previously sideway to downward for now, as it is the first time in 2 years that the gold price closed below 1695. Expect the price to stay bearish until the US Fed. Meeting next week.
Unless the price can climb above 1700 in the next 2-3 weeks, a double-top pattern(4) in the weekly chart will be formed. The price is currently running in Wave 5(5), expecting the bottom to occur around the US Fed. Meeting.
S-T Resistances:
1680
1670
1665
Market price: 1660
S-T Supports:
1650-52
1645
1640
Risk Disclosure: Gold Bullion/Silver (“Bullion”) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. This article is for reference only and is not a solicitation or advice to trade any currencies and investment products . Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require. Client should not make investment decision solely based on the point of view and information on this article.
場外式黃金/白銀交易的風險:
场外式黄金/白银交易由 Max Online 提供。 场外式黄金/白银交易涉及高度风险，未必适合所有投资者。 高度的杠杆可为阁下带来负面或正面的影响。 场外式黄金/白银并非受证券及期货事务监察委员会（「证监会」）监管，因此买卖场外式黄金/白银将不会受到证监会所颁布的规则或规例所约束，包括（但不限于）客户 款项规则。 阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。 可能出现的情况包括蒙受部分或全部初始投资额的损失，或在极端情况下（例如相关市场跳空）产生更多的损失。 因此，阁下不应将无法承受损失的资金用于投资。 投资应知悉买卖场外式黄金/白银有关的一切风险，如有需要，请向独立财务顾问寻求意见。
Gold cleared the 1700 support yesterday. The day began at 1791. The trading was relatively stable during the Asian and European sessions, within the tight range of 1700-07. The price cleared the 1700(1) support late in the US session, pushing the price to the day-low near 1693. The day ended at 1696, down slightly by USD 4.
The market has been quiet since the rapid drop after the US CPIs the day before. An S-T resistance line(2)has been formed in the 1-hour chart in the past 24 hours; gold needs to clear the 1690 support in the European session today. Otherwise, the price will jump back above the downward trendline(2), triggering a new round of buying. If the price breaks the resistance line(2), the S-T upside target can be set at yesterday’s high of 1707. On the other hand, 1680 remains the critical support.
The structure hasn’t changed much in the daily chart; the price remains in the 1690-1730(4) range. It will be ready to move below 1680 if the price closes below 1695.
S-T Resistances:
1705-07
1700
1697
Market price: 1692
S-T Supports:
1690
1685
1680
Risk Disclosure: Gold Bullion/Silver (“Bullion”) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. This article is for reference only and is not a solicitation or advice to trade any currencies and investment products . Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require. Client should not make investment decision solely based on the point of view and information on this article.
場外式黃金/白銀交易的風險:
场外式黄金/白银交易由 Max Online 提供。 场外式黄金/白银交易涉及高度风险，未必适合所有投资者。 高度的杠杆可为阁下带来负面或正面的影响。 场外式黄金/白银并非受证券及期货事务监察委员会（「证监会」）监管，因此买卖场外式黄金/白银将不会受到证监会所颁布的规则或规例所约束，包括（但不限于）客户 款项规则。 阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。 可能出现的情况包括蒙受部分或全部初始投资额的损失，或在极端情况下（例如相关市场跳空）产生更多的损失。 因此，阁下不应将无法承受损失的资金用于投资。 投资应知悉买卖场外式黄金/白银有关的一切风险，如有需要，请向独立财务顾问寻求意见。
Gold pulled back near the 1-week high yesterday. The day began at 1724. and the price was bounded by 1720-30 during the early Asian and European sessions. Once the US released its inflation figures, the price broke out from the uptrend channel(1) and dipped to the day low near 1697. The day eventually ended at 1701, down by USD 23.
Although gold fell more than USD 20 yesterday, it still maintains its position within the 1700-30(2) range in the 1-hour chart. If an S-T rebound began in early trading, the upside target could be set at 1709(3).
The selling has yet to show signs of slowing down on the daily chart. The price may test again at the bottom of the range(4) near 1690, later in the European or the US trading sessions.
S-T Resistances:
1720
1715
1709-10
Market price: 1700
S-T Supports:
1697
1690
1680
Risk Disclosure: Gold Bullion/Silver (“Bullion”) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. This article is for reference only and is not a solicitation or advice to trade any currencies and investment products . Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require. Client should not make investment decision solely based on the point of view and information on this article.
場外式黃金/白銀交易的風險:
场外式黄金/白银交易由 Max Online 提供。 场外式黄金/白银交易涉及高度风险，未必适合所有投资者。 高度的杠杆可为阁下带来负面或正面的影响。 场外式黄金/白银并非受证券及期货事务监察委员会（「证监会」）监管，因此买卖场外式黄金/白银将不会受到证监会所颁布的规则或规例所约束，包括（但不限于）客户 款项规则。 阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。 可能出现的情况包括蒙受部分或全部初始投资额的损失，或在极端情况下（例如相关市场跳空）产生更多的损失。 因此，阁下不应将无法承受损失的资金用于投资。 投资应知悉买卖场外式黄金/白银有关的一切风险，如有需要，请向独立财务顾问寻求意见。
Gold stayed in a tight range yesterday. The day began at 1748, and the price was bounded within 1745-50 early in the Asian & European sessions. It touched the day-low near 1742 before the US session, then the buying came into the market. The day-high reached 1755, with day ending at 1750.
The uplifting momentum has accelerated as the upward trend line shifted from (3) to (3.1) yesterday. The price has cleared the selling resistance between 1750-55 early in the Asian session today, triggered a new round of buying. Once the price clears the next resistance 1760(2), the next upside target will be at 1770-73.
The structure 1730-80(4) dominates the daily chart for now. The 10-day MA(5) is now blocking the upward movement; nce it is cleared, the next target will be at 20 day MA(6).
S-T Resistances:
1775-73
1770
1765
Market price: 1762
S-T Supports:
1759-60
1755
1750
Risk Disclosure: Gold Bullion/Silver (“Bullion”) trading carries a high degree of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. This article is for reference only and is not a solicitation or advice to trade any currencies and investment products . Before deciding to trade Bullion you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment or even more in extreme circumstances (such as Gapping underlying markets) and therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading Bullion, and seek advice from an independent financial advisor if you require. Client should not make investment decision solely based on the point of view and information on this article.
場外式黃金/白銀交易的風險:
场外式黄金/白银交易由 Max Online 提供。 场外式黄金/白银交易涉及高度风险，未必适合所有投资者。 高度的杠杆可为阁下带来负面或正面的影响。 场外式黄金/白银并非受证券及期货事务监察委员会（「证监会」）监管，因此买卖场外式黄金/白银将不会受到证监会所颁布的规则或规例所约束，包括（但不限于）客户 款项规则。 阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。 可能出现的情况包括蒙受部分或全部初始投资额的损失，或在极端情况下（例如相关市场跳空）产生更多的损失。 因此，阁下不应将无法承受损失的资金用于投资。 投资应知悉买卖场外式黄金/白银有关的一切风险，如有需要，请向独立财务顾问寻求意见。
在人們的理解之中，黃金帶有很多的標籤—尊貴、金錢、保值、近期價格攀升等等。從古老的東方國度到古典的歐洲大陸，從公元前的世界到全球化的今天，黃金，一直都是財富的象徵。馬克思曾有一句對黃金廣為人知的描述“金銀不是貨幣，但貨幣是金銀”。在人類社會的不斷發展中，黃金的自然屬性奠定了其社會屬性的基礎。這篇文章我們將重點放在價值最高的黃金身上。金銀作為自然界天然存在的物質，本身並不是為了充當貨幣而出現的。但隨著人類社會的進步和發展，人需要創造所謂的“貨幣”來滿足人類的物質生產生活，這種被人類需要的貨幣的基本屬性全都包含在金銀之中，所以貨幣自然是金銀。那麼，黃金都有哪些屬性呢？1. 黃金極其穩定。黃金幾乎不和其他所有元素反應，你可以用黃金精心打造一隻美洲虎，在1000年以後仍然可以在倫敦市中心的博物館陳列櫃上找到它，完好無損，一如當初。而曾經充當貨幣的鐵，銅，甚至銀，都會較容易地與生活中常遇到物質進行化學反應而降低其自身的社會價值。2. 沒有人類能夠自製黃金。自古以來東西方都有人追求煉金的方法，有人加入各種材料到煉金爐中去，有些人能夠得到金黃色的物質沾沾自喜。但隨著科學理論的深入，我們發現，產生黃金的場景只有兩種可能—宇宙大爆炸和恆星熔爐。作為人類，我們無法憑空利用手中的物質和技術合成新的黃金。3. 全球數量稀少。現今人類已經有7000年的黃金開採歷史了，但是將開採到的所有黃金組成一個立方體，這塊立方體的邊長也不過21m，而我國“水立方”國家游泳中心的高度為31m，長為177m。4. 黃金密度較大。黃金的密度是19.32g/cm³，而白銀的密度是10.50g/cm³，高密度，低總量意味著一小塊的黃金價值巨大，在古代進行大宗商品交易時帶些金條就夠了，但白銀的話可能需要幾百公斤。5. 可塑性強。黃金雖然化學上很穩定，但是在物理形態上具有很高的可塑性。可以鑄成金條進行交易，也可以拉絲裝飾在衣物上，也可以打造成各種種類的黃金飾品。極強的可塑性和極高的穩定性使黃金滿足了人類對於其用途的所有可能。6. 黃金天然富有美感。許多文明都將太陽視為神明，因為它帶來了溫暖，光明，美感和更多的人文意義。元素週期表中的金屬，只有黃金和銅是金色的，而銅又很容易進行化學反應產生“銅綠”。它美的令人難以置信，它的美學屬性使它們成為滿足奢侈、裝飾、華麗、炫耀等需要的天然材料，成為剩餘和財富的積極形式 。7. 黃金本身的使用價值不會與人類賦予的經濟職能發生衝突。馬克思曾在《政治經濟學批判》一書表示，一般金屬在直接生產過程中的重大意義是同它當作生產工具的作用聯繫在一起的。撇開金銀很稀少不談，僅就它比鐵，甚至比銅（指古人所用的硬銅）軟而論，這已經使它不適於這種用途，因此，這在很大程度上使它們喪失了一般金屬的使用價值所依以存在的那種屬性。它不僅在直接生產過程中沒有什麼用處，而且作為生活資料，作為消費對象，它同樣不是必需的。因此，不論把多少金銀投入社會流通過程，也不致對直接生產過程和消費過程發生不利的影響。由此可見，黃金本身的使用價值並不與它的經濟職能發生衝突，它對於人類的唯一用途就是被當做珍寶。黃金自被開採以來，在漫長的歷史中逐漸被認識到其充當貨幣得天獨厚的優勢。過去人們曾用石頭，皮革，鐵器，銅錢等充當貨幣，而今流通貨幣的主要形式是紙幣。可見，黃金並不是貨幣的唯一載體，但是它的天然屬性滿足了人們對理想貨幣的想法，它便有了貨幣價值。那麼，對於人類來說，貨幣需要滿足哪些條件或職能呢？在發達的商品經濟條件下，貨幣具有價值尺度、流通手段、貯藏手段、支付手段和世界貨幣五大職能。1. 價值尺度。價值穩定，大眾認可的黃金天然能夠擔任起衡量和表現商品價值的職能。2. 流動手段。這裡說的是貨幣充當商品交換媒介的職能。在商品交換過程中，商品出賣者把商品轉化為貨幣，然後再用貨幣去購買商品。易分割便攜帶的黃金很好地滿足這一職能。3. 貯藏手段。貯藏手段是貨幣退出流通領域充當獨立的價值形式和社會財富的一般代表而儲存起來的一種職能。黃金可以無損地融化成金飾品，金塊貯藏起來，而在需要流通的時候又可以融回金幣和金條。4. 支付手段。這是貨幣作為獨立的價值形式進行單方面運動（如清償債務、繳納稅款、支付工資和租金等）時所執行的職能。這也是黃金最早充當的職能之一。5. 世界貨幣。黃金在人類中的認可度高，不分種族信仰，人人都知道黃金的價值，認可黃金的價值。從歐洲大陸到印加帝國，從非洲大陸到東方古國，黃金都是永恆的珍寶。人類期望的貨幣屬性與黃金的天然屬性吻合，便有了“貨幣天然是金銀”的深刻理解。當然黃金作為貨幣依然有其固有的局限性，這種局限導致了布雷頓森林體系的崩潰，新的時代並不拿黃金作為日常流通的貨幣，但它依然在人類社會的價值永存。正如丘吉爾所說：“黃金這種元素是能想到的最糟糕的貨幣——除了所有其他元素之外”。