The main factors affecting the price of gold:
1, international political turmoil, war
Major international political and war events will affect the price of gold. The government spends a lot of money on war or maintaining the stable growth of domestic economy, political turmoil and a large number of investors turning to gold investment, etc., which will expand the demand for gold and stimulate the price of gold to rise.
2. Supply and demand of gold
The reason why the price of gold fluctuated greatly was the collapse of the Bretton Woods system in the 1970s. 1973, the Nixon administration announced that it no longer promised that the US dollar could be exchanged for gold, and the price of gold was completely decoupled from the US dollar and began to float freely. Since then, the fluctuation of gold price reflects the balanced influence of gold currency and commodity attributes to the greatest extent.
Extended data:
Gold medal identification skills:
1, check the official symbol of gold. Generally 999 or 990, or 10K, 18K, 22K, 24K. Anything below 10K is not considered, because the gold content is too low. If you look at it with a magnifying glass, you will see it more carefully.
2. Ancient gold ornaments will not have obvious official purity marks.
3. Of course, fake gold ornaments will also have official marks, so further inspection is needed.