1, the change of US dollar exchange rate will also affect the price of gold, and the price of US dollar and gold will change in the opposite direction;

2. Monetary policy will also affect the price of gold. If the country adopts a tight monetary policy, the price of gold will rise;

3. When a country's purchasing power increases, the price of gold will fall accordingly;

The stock market also has an influence on the price of gold. When investors put a lot of money into the stock market, the price of gold will fall;

5. Oil price will affect the price of gold. When oil prices fall, so will gold prices.

These are all possible reasons for the sharp drop in gold prices.

Brief introduction of gold investment

When investors invest in gold, there are many ways, such as investing in gold bars, coins and gold jewelry. Also buy gold certificates, gold futures, gold funds, etc. Participate in gold investment. It's just that when investors invest in gold, they need to know that gold investment is a relatively stable investment, and investors don't have to worry about the sharp drop in gold prices, resulting in a big loss of funds. Because even if the market plummets and the economy is depressed, the price of gold will not fall easily, but it will rise with the downturn of the market.