What are the factors that affect the price of gold? There are mainly the following points.

1 inflation. If inflation is serious, there is no guarantee for holding cash, and interest can't keep up with the sharp rise in prices. At this time, people will buy gold, because the theoretical price of gold will rise with inflation. The higher the inflation in major western countries, the greater the demand for gold as a safe haven, and the higher the world gold price, among which the inflation rate in the United States is the most likely to affect the change of gold.

2 Local interest rate. Investing in gold will not earn interest, and the profit of its investment depends entirely on the price increase. When the interest rate is low, it will be beneficial to invest in gold, but when the interest rate rises, it will be more attractive to charge interest, and the investment value of interest-free gold will decline.

3 the relationship between supply and demand. The supply of gold mainly comes from three aspects: the development and production of gold in mines, the sale of reserves by central banks and the recycling of old gold. While the demand for gold continues to grow, the growth rate of supply can't keep up with the pace of demand growth, especially the decline of gold production in South Africa, which means that the central bank needs to sell gold to make up for the gap between supply and demand.

4. Central Bank. Central banks are big holders of gold, and their willingness to hold gold directly affects the trend of gold prices. If the central bank absorbs or increases its holdings of gold, the price of gold will rise. On the contrary, if the central bank sells gold, the price of gold will fall.

In addition to the above reasons, from a macro perspective, international stock market fluctuations, crude oil price fluctuations, political turmoil, financial crisis and so on. Are all factors that will affect the price of gold. Investors should pay close attention to the above factors when speculating in gold.

Gold generally refers to pure gold with a purity of over 99.6%.

1. Red gold and pure gold have similar meanings, but the standard of red gold varies with time and place. Gold with a purity of 99.6% sold in the international market is called red gold. Domestic red gold is generally between 99.2% and 99.6%.

2. Non-ferrous gold, also known as "secondary gold" and "tidal gold", refers to gold with low fineness. Due to the different contents of other metals, the purity of these gold is as high as 99% and as low as 30%. According to the classification of other metals, ripe gold can be divided into solid gold, mixed gold and K gold. Clear gold means that gold is only mixed with silver, regardless of its fineness. Clear gold is more common in gold bars, ingots, nuggets and various utensils and gold ornaments.

3. Mixed color gold means that besides silver, gold also contains other metals such as copper, zinc, lead and iron. According to the different types and quantities of metals, it can be divided into small mixed gold, large mixed gold, bronze mixed gold and lead mixed gold.

4. K gold means that silver and copper are mixed in a certain proportion, and the pure gold calculated according to the formula is 24k. Generally speaking, the more silver in K gold, the bluer the color; If the proportion of copper is large, the color is purple.