The first category: the dollar index will have an impact on gold, which is basically inversely proportional to the trend. Then, since the US dollar index has a direct impact on gold, the factors that affect the US dollar index will also indirectly affect the trend of gold. For example, the US non-agricultural data, the Federal Reserve's interest rate resolution, the US inflation situation, and the economic situation will all bring the rise and fall of the US dollar index, and will also bring the rise and fall of gold. Basically, the US dollar index will rise, gold will fall, and the US dollar index will fall. Please pay attention here.
The second category: geopolitical influence. We all know here that buying gold in troubled times, political turmoil, war, or geopolitical spears and shields will stimulate the safe-haven nature of gold. For example, on April 7, 20 17, after Trump took office, he launched a crackdown on Syrian terrorists and fired 60 missiles in succession. At that time, spot gold triggered the hedging property, since 1258. When it reached 1270, it rose by about $20 in a short time, then the risk aversion subsided and fell back above 1250 again. It should also be noted that risk aversion will support the rise of gold in a short time, but the impact time is limited, and gold is easy to recover after being affected, so we should pay attention to the short-term impact on the rise and fall, but don't rely too much on the impact.
The third category: the supply and demand of gold. The value of gold lies in its rare metal properties. The influence of price includes factors of output and demand. For example, the amount of mineral gold in the world increases or decreases, and the demand of consumers increases or decreases. The influence of supply and demand will also be reflected in the fluctuation of gold, so the rise and fall of gold will also be affected in the supply and demand relationship.
Basically, the external factors that mainly affect gold can be divided into the above categories, and other factors have little influence on the rise and fall of gold. Icebreaking has been in the gold market for more than ten years, and it is also easy to understand some of its price trends. We can focus on these three kinds of influencing factors, and most of the other factors mainly affect the US dollar index and indirectly affect the trend of gold.
Therefore, it is suggested that there is a close interaction between gold and dollar index. While analyzing gold, we can also analyze the dollar index. Gold has its own internal operating structure. Because the spot gold in the international market is favored by many investors, basically in the spot gold market, the possibility of main manipulation is very small, the trend of gold is more standardized, and the factors affecting the ups and downs will be more clear. The above is the analysis of the influencing factors of ice breaking on spot gold.