1, the gold price has risen to the historical sky-high price area, of course, it will be adjusted, and the technical adjustment market will appear.

2. Gold is not the best financial investment variety, but a speculative variety. Many people mistakenly believe that gold can preserve and increase its value, which is a great misunderstanding. In fact, it has become a serious speculative variety. Gold can't be directly invested as capital, and it can't really maintain and increase its value (according to the survey of historical investment in gold by American financial institutions, gold hasn't increased much in the past 200 years (1800-2000)).

3. Conspiracy of international speculators: Many futures varieties (including gold futures) are the targets of international speculators. International speculators use the huge funds they control to deliberately push up the price of gold. When they make huge profits, they will short in the opposite direction, which is also the driving force for the decline of gold.

When the price of gold soars, many "speculators" who don't know the truth will flock to push up the price of gold irrationally. As a result, the price of gold seriously deviates from its own value, and the result is of course that the extremes meet.