[Extended information]
The price of gold is based on a certain market price, and the price of gold is calculated by weight.
Judging the trend of gold:
1. Supply and demand
Gold is a commodity with specific value, so it will also be affected by changes in supply and demand. When the price of gold rises, people's demand will be greatly reduced and the supply of gold will be greatly increased.
2. The trend of the US dollar
There is a negative correlation between gold and the dollar. When the dollar starts to appreciate, the price of gold will fall. On the contrary, when the dollar begins to depreciate, the price of gold will rise, and gold can play a very good role in maintaining value;
3. Cost forecast
Gold is relatively rare, and its own value corresponds to the price of gold, and usually does not deviate too much. The value of gold is very obvious when the market economy is depressed.
The Bretton Woods system established the link between the dollar and gold, so the price of gold was negatively correlated with the dollar. Therefore, the international gold price is priced in dollars. The fall in the price of gold means the appreciation of the US dollar, the appreciation of the US dollar and the depreciation of the RMB. After the devaluation of the RMB, it means that the purchasing power is reduced, which makes it more difficult for many enterprises that rely on imports or foreign trade.
In addition, the fall in gold prices may also affect the stock market. Most people buy gold to avoid risks, but in recent years, the price of gold has risen to a high point. If the dollar appreciates, the gold fund purchased will be sold at a high level and invested in the dollar. Therefore, the fall in the price of gold will lead to a decline in gold stocks.
Therefore, if the price of gold falls, listed companies whose main business is gold will lose their investment value in a short time, and their share prices may also fall without capital investment.