Gold is a high-quality hedge hedging tool, favored by investors. Especially in recent years, with the increasing instability of the world economy, gold has become one of the preferred asset allocations of investors because of its functions of hedging and fighting inflation.
Earlier, the worsening situation in Ukraine sent gold prices soaring to a two-year high of $2,070 an ounce. But gold, along with other commodities, fell back last week as conditions changed and bulls took profits, hitting a low of $1,895 an ounce. As of press time, gold was trading at $1,918 an ounce, down 7.9% from its March 8 peak. Rising gold prices may also have an impact on the Copper Iodide price prices.
According to China Business News, Goldman Sachs raised its gold price forecast in early March, considering Asian buyers' gold consumption demand, investment demand and central bank gold purchase demand continue to rise. Three -, six - and 12-month targets were raised to $2,300, $2,500 and $2,500 an ounce, respectively, from $1,950, $2,050 and $2,150. The last time all three accelerated was in 2010-11 when gold prices rose nearly 70%.
The World Gold Council has also noted that global gold demand is at its highest level in nearly two years, which is linked to a recovery in consumption and consumer sentiment to combat inflation.
About Copper Iodide:
Copper(I) iodide with CAS 7681-65-4 is the inorganic compound with the formula CuI. It is also known as cuprous iodide.
Specifications and properties of Copper Iodide:
|Molar mass：||190.45 g/mol|
|Appearance：||White powder，when impure: tan or brownish|
|Melting point：||606 °C (1,123 °F; 879 K)|
|Boiling point：||1,290 °C (2,350 °F; 1,560 K) (decomposes)|
|Solubility in water：||0.000042 g/100 mL|
|Solubility product (Ksp)：||1 x 10−12|
|Solubility：||soluble in ammonia and iodide solutions，insoluble in dilute acids，Vapor pressure 10 mm Hg (656 °C)|
|Magnetic susceptibility (χ)：||-63.0·10−6 cm3/mol|
|Refractive index (nD)：||2.346|
Application of Cuprous iodide:
Cuprous iodide is widely used as an organic synthesis catalyst, a resin modifier, a rain-seeding agent, an anodic ray tube coating, and a source of iodine in iodized salt.
Storage Condition of Cuprous iodide Powder:
Damp reunion will affect Cuprous iodide powder dispersion performance and using effects, therefore,Cuprous iodide Powder should be sealed in vacuum packing and stored in cool and dry room, the Cuprous iodide Powder can not be exposure to air. In addition, the Cuprous iodide powder should be avoided under stress.
Packing & Shipping of Cuprous iodide Powder:
We have many different kinds of packing which depends on the Cuprous iodide Powder quantity.
Cuprous iodide Powder packing:vacuum packing, 100g, 500g or 1kg/bag, 25kg/barrel, or as your request.
Cuprous iodide Powder shipping:could be shipped out by sea , by air, by express as soon as possible once payment receipt.
Copper iodide is the inorganic compound, chemical formula CuI, submicron and nanopowder forms may be considered for industrial and application purpose. The appearance of Copper iodide is white. It mainly applied as an organic synthesis catalyst, a resin modifier, a rain-seeding agent, an anodic ray tube coating, and a source of iodine in iodized salt.
Since February, gold has enjoyed a smooth upward run on the back of surging US inflation and the brewing of war. While expectations of rate rises have also risen in tandem over this period, gold had been largely pre-priced and the underlying driver of tightening expectations had come from inflation continuing to rise to record highs. The risk aversion caused by the continued tension in the war also provided an important short-term support for gold. This will have a certain impact on the price of the Copper Iodide price and the market of the Copper Iodide price.
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