The main factors affecting the price of gold
1, international politics. As the saying goes: a shot, two thousand gold. Gold's unique risk aversion and value preservation make it particularly sensitive to political turmoil, wars and other factors. Every war will inevitably make the price of gold soar. For example, the recent Iranian nuclear issue and the war conflict between Turkey and Iraq are all the main factors that have caused the gold price to hit record highs recently. 2. the trend of the dollar. The impact of the dollar on the gold market is mainly in two aspects. First, the dollar is the price mark currency in the international gold market, so it is negatively related to the price of gold. Assuming that the value of the gold price itself has not changed, the dollar will fall and the price of the gold price will rise; On the other hand, gold is an alternative investment tool for dollar assets. The recent bull market of gold price and the market's continuous expectation of its big bull market are accompanied by the market's expectation that the US dollar will be weak for a long time. The decline of the dollar will inevitably weaken the attractiveness of dollar assets to investors, who will move to the gold market one after another, thus driving the price of gold to rise. 3. Crude oil price. Gold has the function of anti-inflation, and the international crude oil price is closely related to the inflation level, so gold and crude oil prices are basically positively correlated, that is, crude oil goes up, gold goes up and crude oil goes down. As a major crude oil producing area in the world, the war between Turkey and Iraq made the market worry about the danger of crude oil supply interruption in this area, and the oil price rose accordingly, which in turn pushed up the gold price. 4. Supply and demand. Generally speaking, the development speed of the world economy determines the total demand for gold. For example, in the fields of microelectronics and aviation technology, gold is used more and more. Gold is not only an important industrial raw material, but also a folk material for making ornaments. The upcoming Indian religious festivals and weddings, the Lunar New Year in China and Christmas in the West are the peak consumption of gold ornaments. Therefore, when consumer demand rises, the price of gold will also rise. 5. Global stock market. The development history of the international gold market shows that, under normal circumstances, gold and the stock market also run in the opposite direction. When the stock market rises, the price of gold tends to fall, and vice versa. However, because the mainland stock market in China is relatively closed, the rise and fall of gold price is not closely related to the mainland stock market, but has a strong correlation with some important overseas stock markets (such as new york, Tokyo and London). 6. International commodities. Due to the sustained economic rise of China, Indian, Russian, Brazil and other countries, the demand for non-ferrous metals and other commodities continues to be strong, coupled with the speculation of international hedge funds, the prices of non-ferrous metals, precious metals and other international commodities have continued to rise strongly since 200 1, which reflects the linkage of commodity market prices. 7. Global inflationary pressure, the increase or decrease of gold reserves of central banks, the level of international fund positions, etc. Spot gold trading rules 1 unit of measurement. London gold: priced in US dollars and measured in British ounces. One ounce is equal to 31.1035g. The daily buying price is marked as * * * USD/ounce, indicating the USD price of gold per ounce. The minimum transaction volume is 1 lot, and one lot is equal to 100 ounce. 2 margin trading. Loco-London gold: the margin for each lot 1 is 1000 USD (68 10 RMB). Investors can trade 65,438+000 ounces of gold for only $65,438+0000 without paying the full amount. If the current price of gold is $950 per ounce, you can trade $95,000 ($950 * 100 ounce) of gold only by paying $65,438. 3 the direction of the transaction. London gold trading: two-way trading. You can go long or short. You can buy up or down. No matter how the price of gold changes, investors always have a chance to make a profit. Gold goes up, do more. Gold fell, short. 4 instant buying and selling. London gold trading: T+0 system is implemented, that is, trading can be completed at any time during trading hours. There is no question of someone taking orders. In other words, as long as there is a price in the market, as long as investors give orders to buy and sell, the transaction will be completed immediately. Five trading hours. Loco London gold: Spot gold is traded at 6: 00 a.m. every week from the opening of the New Zealand market to the closing of the new york market at 1:30 every Saturday morning, so it can be traded 24 hours a day. Among them, 9: 00 am to 4:30 pm is Asian trading time, 4:30 pm to 12:00 pm is European trading time, and 8:30 pm to 1:30 pm is American trading time. As new york is the largest financial center in the world, gold trading was the most active in this period. 65438+ 0:30 am to 6:00 am is the trading time of electronic disk, which is relatively light. 6 fluctuation range. London gold: There are no restrictions on the international spot gold market. 7 transaction costs. London gold: the transaction cost of each lot 1 is 5 spreads, that is, the price of gold fluctuates by 0.5 USD. Comparison between gold investment and other financial investment products: investment varieties, operation direction, trading mode, capital utilization, market comparison information, risk research, profit, London gold bilateral T+0 margin, fair international market, large trading volume, no open and transparent behavior, easy to study, moderate and relatively stable stock unilateral T+ 1 domestic market, many human factors, It is difficult to grasp the unilateral T+ 1 all-domestic market of funds with asymmetric information disclosure, so it is not convenient to study the small but stable but small bilateral T+0 domestic market of paper gold, but the price is open and transparent and synchronized with the international market, so it is convenient to study the small and stable domestic market of bilateral T+0 margin of commodity futures. There are many human factors, and the information disclosure is asymmetric but unstable, which is difficult to grasp. China stock market makes more money, and the global gold market makes more money! Example of income comparison between stock investment and gold investment: an investor invested 65,438+10,000 yuan in stock and gold respectively. Suppose it uses all its capital to buy shares in the stock market. When the index rises from 3,000 points to 6,000 points (it is estimated that it will take nearly a year to reach it), its shares have also achieved the same increase (60%). Then the stock return = 65,438+000,000 * 60% = 60,000 yuan, and the price of gold in the international market also rose from 880 US dollars/ounce to 950 US dollars/ounce (the increase was less than 65,438+00% and the time was 3 months). Suppose that 25%(654.38+ million RMB) of the total investment, that is, 25,000 RMB (about 4,000 US dollars), is used to make more than 4 lots at 880 (each lot needs a deposit of 654.38+0,000 US dollars), and the profit is 950 US dollars/ounce. Then the gold yield =(950-880) USD/oz * 100 oz/lot *4 lots = 28,000 USD * 6.8 =190,400 RMB. Summary: The total investment is equivalent, the increase is only 1/6 of the stock, and the actual investment is only that of the stock.