1. Monetary policy: When a country adopts a loose monetary policy, due to the reduction of interest rates, the country's money supply increases, which increases the possibility of inflation and will push up the price of gold.

2. Inflation: In the long run, if a country's annual inflation rate fluctuates within the normal range, it will have little impact on the fluctuation of gold prices; Only in a short period of time, the price rises sharply, causing people to panic, and the purchasing power of monetary units declines, will the price of gold rise sharply.

3. Supply and demand factors: the gold spot market often has a strong seasonal supply and demand law, and the spot consumption of gold in the first half of the year is relatively in the off-season. In recent years, the price of gold generally bottomed out around the second quarter. From the third quarter, driven by festivals and other factors, the demand for gold consumption will gradually increase. By the end of Christmas, the spot demand for gold will gradually peak, pushing the price of gold to continue to rise.

Extended data:

Gold, price decline and other price increase factors:

1, oil supply and demand:

Since the world's major oil spot and futures markets are priced in US dollars, the fluctuation of oil prices reflects the relationship between world oil supply and demand on the one hand, and the change of US dollar exchange rate and world inflation rate on the other. Oil price and gold price indirectly influence each other.

By comparing the trend of world crude oil price and gold price, we can find that there is a positive correlation between world gold price and crude oil futures price in more time.

2, the world political turmoil, war:

Major political and war events in the world will affect the price of gold. The government spends a lot of money on war or maintaining the stable growth of domestic economy, political turmoil and a large number of investors turning to gold investment, etc., which will expand the demand for gold and stimulate the price of gold to rise.

For example, World War II, Vietnam War, 1976 coup in Thailand and 1986 Iran-contra incident all caused the price of gold to rise to varying degrees. Another example is the "9. 1 1" incident of 200 1, which caused the gold price to soar to the highest price of that year.

3. In addition to the above-mentioned factors affecting the price of gold, the intervention activities of the world financial organizations and the policies and regulations of central financial institutions in China and the region will also have a significant impact on the trend of world gold prices.

Baidu Encyclopedia-Gold (Precious Metals)

Baidu encyclopedia-gold futures