The exchange rate of US dollar is also one of the important factors that affect the fluctuation of gold price.

2. Political situation

Historically, gold has been the best hedge. The so-called cannon shooting gold is a perfect interpretation of the safe-haven value of gold. Any war or political turmoil will often push up the price of gold, and emergencies will often make the price of gold soar sharply in a short period of time.

3. Inflation

As the only non-credit currency in the world, gold is different from paper money, deposits and other currencies, and has extremely high value. Unlike other currencies, which are only representatives of value, its own value can be ignored. In extreme cases, money will be equivalent to paper, but gold will never lose its value as a precious metal.

4. Supply factors

The fluctuation of gold price is based on the relationship between supply and demand.

5. Demand factors

Changes in the actual demand for gold (jewelry industry, industry, etc. ).

Extended data:

Benefits of investing in gold:

1, fighting inflation

For decades, inflation has been very serious, and all countries have been troubled by this problem. The value of money depreciates, the purchasing power of money decreases, and money becomes worthless.

2. Excellent hedging function

When the world political situation and economy are unstable, especially when there is war or economic crisis, all kinds of common investment tools such as stocks, funds and real estate will be seriously impacted. At this time, gold embodies a good hedging property.

The market is hard to be manipulated.

In regional stock markets, there are many cases of market manipulation. However, the gold market belongs to the global market, and no individual or consortium has enough funds to control the global gold market, so the gold price can always be maintained at a level that reflects the actual supply and demand relationship.

4, not easy to collapse

The stock and real estate markets are at risk of collapse, and once they collapse, investors will lose everything. Gold is a kind of non-renewable rare metal, the total amount of which has been mined exceeds half of the earth's reserves, and the supply of gold will only be less and less in the future, which makes the price trend of gold keep rising. Even if there are fluctuations in the middle, in the long run, the price of gold is still optimistic all the way.

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