1, the dollar factor, the dollar price is the most important factor affecting the price of gold. Most gold prices are denominated in dollars. The rise and fall of this gold price is partly due to the strength of the dollar. Under normal circumstances, the dollar rises, gold falls, and vice versa.

2. Economic factors: If the world economy develops steadily, the price of gold will be less affected. When there is an economic crisis or inflation, people will lose confidence in the credit currency, and gold has both the function of hedging and fighting inflation risks. Investors will choose to buy gold, which will push up the price of gold. In addition, the inflation rate of major western countries, especially the United States, is most likely to affect the change of gold price.

3, consumption factors, if people's purchasing power increases, the desire for consumption of gold and silver jewelry will increase, and the demand will increase, thus stimulating the price of gold to rise. On the other hand, if people's income level drops, they will naturally buy less, demand will weaken, and the price of gold will also drop.

4. Activities of the Central Bank. The central bank is the largest gold holder in the world, and the willingness of countries to reserve gold also affects the rise and fall of gold prices. If the central bank sells gold reserves, the price of gold will fall in the short term; Conversely, if the central bank increases its gold reserves, the price of gold may be at the meeting.