The trend of the dollar affects the price of gold, and the prices of gold and the dollar are mutual. When the dollar index strengthens, the price of gold will fall. Similarly, when the dollar is weak, the price of gold will also rise.
Oil price. Oil prices will also affect the trend of gold prices. Gold itself is a hedge against inflation, which is inseparable from inflation in the United States. Rising oil prices mean that inflation will follow, and so will gold prices.
Gold futures supply: the price of gold is closely related to supply and demand. If the output of gold rises sharply, the price of gold will be affected and fall.
Inflation: The greater the inflation rate in some western countries, the more opportunities for gold preservation, and the greater the world gold price;
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