Personally, I think gold is a safe-haven investment. When people are confused about the market environment (global), gold is a relatively safe investment. Generally speaking, I think that the rise of gold price means that everyone has insufficient confidence in other economies, while the fall of gold price means that everyone has increased confidence in other economies.

However, it cannot be absolutely said that when there is panic in the global environment, the gold industry will also be affected. Nobody has the money to buy it. Hehe, when the global environment is prosperous, the demand will follow.

I think the fall of gold price may lead to the rise of energy resources such as oil and steel.

At present, the futures market and the stock market also have a strong sense of speculation. It is not necessarily market demand that determines everything, but money may determine the price. Remember the previous soybean storm? Our country continued to buy soybeans and learned that it was manipulated by foreign speculators, big companies or countries, and then the international futures price of soybeans was greatly raised. After our country finished buying, soybean futures plummeted. This is pure speculation.

All the above are my own opinions. Hehe, I hope everyone will criticize and correct me.