Precious metals investment, especially precious metal futures, is risky and often has unpredictable trends. The flash crash during the National Day and the skyrocketing on the night of Trump's election are good examples.

There are many factors that affect the trend of gold, mainly including:

1, the trend of the dollar. When the dollar rose, gold and silver fell. But sometimes the dollar and precious metals will rise at the same time in stages;

2. Risk events. Risk events such as war, financial crisis and debt crisis will push up the price of gold and silver;

3. inflation Inflation will push up the price of gold and silver;

4. Interest rate policy. In particular, the interest rate policy of the Federal Reserve will directly affect the price of gold and silver. If the Fed raises interest rates, gold and silver will fall, and vice versa.

5. Economic data. In particular, US economic data will directly affect monetary policy expectations. Important data include non-agriculture, PMI, CPI, purchasing managers index and so on. You can check the daily economic data on dailyfx.

Finally, I would like to remind you that to make gold, we must control our positions and resolutely stop losses.