1. Interest rate adjustment, which represents the trend of monetary policies in various countries, as an important means and lever to regulate the economy, affects the costs and benefits of economic investment at home and abroad, as well as people's consumption and investment activities, and its impact on exchange rates is undoubtedly crucial.

Therefore, we should pay attention to the monetary policy meetings of central banks.

2. As a barometer of a country's macroeconomic development, the number of employed people (the non-agricultural employed population in the United States) indicates the current and future development of the country's economy, which will inevitably affect the formulation of monetary policy and thus play a major role in the exchange rate.

3. The gross national product (GDP) published once every quarter is the sum of all the production and services of all the departments of the country in a period of time in monetary form. It is a comprehensive performance of different economic data and reflects the current economic development.

4. The impact of the US dollar exchange rate: The US dollar exchange rate is also one of the important factors that affect the fluctuation of gold prices. Generally, when the dollar in the spot silver market rises, the price of gold will fall; When the dollar fell, the price of gold rose. A strong dollar generally means that the domestic economic situation in the United States is good, domestic stocks and bonds in the United States will be sought after by investors, and the function of spot silver as a means of value storage will be weakened; The decline in the exchange rate of the US dollar is often related to inflation and the stock market downturn, and the value-preserving function of spot silver is once again reflected. This is because the depreciation of the dollar is often related to inflation, while the value of spot silver is high. In the case of the depreciation of the dollar and the intensification of inflation, it will often stimulate the preservation and speculative demand for spot silver.

5. Ground spot silver stock: At present, the global spot silver stock is about137,400 tons, and the ground spot silver stock is still growing at a rate of about 2% per year.

6. The consumer confidence index reflects the optimistic attitude of the people of this country towards its economic development, and indicates the changes of future consumption expenditure.

7. Foreign trade (trade balance) reflects the comparison between the country's income and the total foreign trade in a period, that is, the inflow and outflow of money. The importance of this data to the exchange rates of various countries is generally Japan, Britain, the euro zone and the United States.

8. Production price (price) index, which indicates the cost of commodity production (changes in raw material prices) and the changes in future commodity prices, thus affecting the changes in future consumer prices and consumer psychology.

9. Personal income reflects the actual purchasing power level of individuals in this country and indicates the changes of consumers' demand for goods and services in the future.

10. The consumer price index reflects the price changes of goods and services currently consumed by consumers and shows the changes of inflation, which is an important indicator for people to observe inflation in this country.

1 1. The operating rate of houses (buildings) indicates whether the economy is in a healthy development state.

12. Commercial inventory shows the speed of national economic development and indicates the possible state of future economic development.

13. The leading index indicates the possible state of future economic development.

14 year supply and demand: the annual supply and demand of spot silver is about 4,200 tons, and the newly produced spot silver accounts for 62% of the annual supply.

15. Changes in the actual demand for spot silver (jewelry industry, industry, etc. Generally speaking, the development speed of the world economy determines the total demand of spot silver. For example, in the field of microelectronics, point silver is increasingly used as a protective layer; In the fields of medicine, building decoration, etc., although the progress of science and technology makes spot silver substitutes appear constantly, the demand for spot silver is still on the rise because of its special metal properties; In some areas, local factors have a great influence on the demand for spot silver.

16. Need to preserve value: Spot silver reserves have always been used by the central bank as an important means to prevent domestic inflation and regulate the market. For ordinary investors, investing in spot silver is mainly to achieve the purpose of preserving value under inflation. During the economic downturn, because spot silver insured monetary assets, the demand for spot silver increased and the price of gold rose.

17. Speculative demand: According to the international and domestic situation, speculators use the fluctuation of gold price in the spot silver market and the trading system in the spot silver futures market to "short" or "cover" a large amount of spot silver, artificially creating the illusion of spot silver demand. In the spot silver market, almost every plunge is related to hedge fund companies borrowing short-term spot silver to sell in the spot silver market and establishing a large number of short positions in the COMEX spot silver futures exchange.

18. new gold mining cost: the average total cost of spot silver mining is slightly lower than $260/ounce. Due to the development of mining technology, the development cost of spot silver has been declining in recent 20 years.

19. Political, military and economic changes in spot silver producing countries: Any political and military turmoil in these countries will undoubtedly directly affect the spot silver production in this country, and then affect the spot silver supply in the world.

20. The central bank sells spot silver: the main use of spot silver has gradually changed from an important reserve asset to a metal raw material for jewelry production, either to improve the domestic balance of payments or to suppress the international gold price. For example, the large-scale selling of the Bank of England and the Swiss National Bank and the plan of the International Monetary Fund to reduce the spot silver reserves have become the main reasons for the recent decline in the gold price in the international spot silver market.

2 1. The monetary policies of various countries are closely related to the international spot silver price: when a country adopts a loose monetary policy, the money supply of the country increases due to the decrease of interest rate, which increases the possibility of inflation and will lead to the rise of the spot silver price.

22. The influence of inflation on the price of gold: In this regard, it is necessary to make long-term and short-term analysis, and it depends on the degree of inflation in the short term. In the long run, if the annual inflation rate changes within the normal range, it will have little impact on the fluctuation of gold prices; Only in a short period of time, the price rises sharply, causing people to panic, and the purchasing power of monetary units declines, will the price of gold rise sharply.

23. The influence of international trade, finance and foreign debt deficit on the price of gold: Debt is a worldwide problem, not just a unique phenomenon in developing countries. In the debt chain, not only the debtor countries can't repay their debts, which leads to economic stagnation, but also the economic stagnation further aggravates the vicious circle of debt. Even creditor countries are in danger of financial collapse because of the breakdown of relations with debtor countries. At this time, in order to maintain their own economy from harm, countries will reserve a large amount of spot silver, which has caused the spot silver price in the market to rise.

24. The influence of the stock market on the price of gold: Generally speaking, the stock market falls and the price of gold rises. This mainly reflects investors' expectations of economic development prospects. If everyone is generally optimistic about the economic prospects, a lot of money will flow to the stock market, and the enthusiasm for investment in the stock market will rise, and the price of gold will fall.

In addition to the above factors that affect the price of gold, the intervention activities of international financial organizations and the policies and regulations of central financial institutions in China and other regions will also have a significant impact on the changes in the world spot silver price.