The appreciation of the dollar generally means that the domestic economic situation in the United States is good. At this time, domestic stocks and bonds in the United States will be favored by investors, which will weaken the position of gold as a reserve and preservation to some extent; However, the decline of the US dollar exchange rate is often accompanied by inflation and the stock market downturn. At this time, the value-preserving function of gold is reflected. Because the international gold price is denominated in dollars, there is usually a reverse interaction between the rise of dollars and the fall of gold, and between the fall of dollars and the rise of gold.
2. 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.
3. Inflation
In the long run, if a country's annual inflation rate fluctuates within the normal range, it has little effect on the fluctuation of gold price; 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.
4. Political War
During the period of national war and political turmoil, economic development will be greatly restricted. Any local currency may depreciate due to inflation, and a large number of investors turn to buy gold to preserve their value, which will increase the demand for gold and stimulate the price of gold to rise.
5. Stock market conditions
As can be seen from the relevant historical data, under normal circumstances, gold and the stock market run in the opposite direction. This mainly reflects investors' expectations of economic development prospects. If everyone is generally optimistic about the economic prospects, a lot of money will flow to the stock market, and the investment enthusiasm in the stock market will be high, and the price of gold will fall. or vice versa, Dallas to the auditorium
6. Oil price
As a hedge against inflation, gold has the function of fighting inflation. The rise in oil prices means that the currency will rise with it, and so will the price of gold.
7. 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 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.
Gold is a simple form of chemical element gold (chemical element symbol Au), which is a soft, golden yellow and corrosion-resistant precious metal. Gold is a rarer, more precious and more valuable metal. Generally speaking, the gold in the world is in ounces. In ancient China, gold was measured in ounces, which was a very important metal. It is not only a special currency for reserve and investment, but also an important material for jewelry industry, electronics industry, modern communication and aerospace industry.
The chemical symbol of gold is Au, and the financial English code is XAU or gold. The name Au comes from a story of Aurora, the goddess of dawn in Roman mythology, which means shining dawn.
After the international gold price entered 20 15, it soared all the way. The gold price in new york market rose from $0/200 per ounce to $0/300 per ounce in less than a month. Statistics show that since 20 15, the price of gold futures in new york market has increased by 9.3%.