As the US dollar is the world currency, the assets related to the US dollar are more or less related to the prices of some risky assets, among which the price of gold is obviously influenced by US stocks, which have a set of influence mechanisms on gold. Let's get to know each other. (1) First of all, we must understand the relationship between gold and the US dollar. The relationship between gold and the US dollar has been negatively correlated since World War II. After World War II, the Bretton Woods system was established in the western world. Dollars can be directly converted into gold, and other currencies must be converted into dollars before they can be converted into gold. At this time, the dollar and gold are a trade-off relationship. When the dollar goes up, gold goes down. In the 1970s, the Bretton Woods system collapsed, but the dollar and gold were still negatively correlated. After that, the dollar was linked to oil, and oil transactions all over the world were settled in dollars, so the dollar still retained its position as the world currency, and the world also entered the era of credit currency. However, gold has a monetary tradition of thousands of years, with little output and few reserves, so the monetary attribute of gold is still very strong. At this time, the relationship between gold and major currencies is still in the opposite role. Whenever there are negative factors in the American economy, gold will rise, and vice versa. (2) The relationship between US stocks and gold When the whole world is optimistic about US stocks, other currencies will naturally flood into the United States to buy US stocks, but only if they are converted into US dollars. At this time, the demand for dollars will increase, the demand for dollars will increase, the demand for gold will naturally decrease, and the price of gold will fall; On the other hand, when the world is not optimistic about US stocks, investors will exchange US dollars for other assets, including gold. When the demand for gold increases greatly, gold will appreciate. The above is Bian Xiao's sharing. If you want to know more, please pay attention.