The impact of the central bank's interest rate hikes on gold prices is mainly based on three aspects: First, the inflation factor. As a means of macro-control, controlling inflation risks is one of the main functions of the central bank's interest rate hikes, and gold resists inflation. It is a natural tool, so funds are pouring into the gold market to hedge against hedging, so it is logical to stabilize the price of gold;

The second is the linkage of the US dollar, because the Federal Reserve has stated more than once that it will maintain extremely low interest rates for some time to come. , the interest rate hikes in non-U.S. currencies will undoubtedly increase the pressure on the U.S. dollar interest differential, and the attractiveness of U.S. dollar assets will decrease. Then gold, which maintains a negative correlation with the U.S. dollar, will gain favorable driving force in the process of U.S. dollar depreciation;

In addition, the impact of rising interest rates is on the investment field. Investors who invest in the stock market or futures market are worried about the impact of rising interest rates on the market. In order to avoid the upcoming risks, they will choose to buy gold. Wait for precious metals to maintain their value.