Factors that helped in the high gold

1-Deficit in the trade balance for the United States of America
The increasing deficit in balance of trade to the United States to the high price of gold, and this deficit is caused by increasing the proportion of imports, especially consumer, including the volume of exports, when the ratio of the rise in imports by 1.4% and the percentage rise in exports, 0.4% becomes a deficit in the trade balance and thus raising the price of gold.
2-Low production
Lower production of some gold-producing countries led to rising prices of gold, and the most important gold-producing countries are South Africa and the United States, Australia, Canada, Philippines and China.
3-Political and economic reasons
The political and economic events in the world play an important role in gold prices in global markets, as happened in the Asian markets in early this century, when gold prices rose by more than 25% compared to last year.
What is happening from the fluctuations in the financial markets and the oil market is reflected in the exchange rates of currencies in general and the dollar in particular, prompting some states to store large quantities of raw gold in anticipation of what may be suffered by the global economy from political risks and security, as happened in Japan and Russia .
4-The demand for gold
That increasing the size of the global demand for gold and the lack of volume of supply push gold prices to rise by much more than 50%, as well as a relationship between the high crude oil prices and rising gold prices during the last period, meaning that the increase in states' revenues from oil is to buy gold by which leads to higher gold prices.