2. The output of gold has greatly increased: the price of gold is affected by the relationship between supply and demand, and the price of gold is also based on the relationship between supply and demand. If the output of gold is greatly increased, the price of gold will be affected and fall.
3. Increase in local interest rates: Interest rates are closely related to gold. If the domestic interest rate is high, we should consider whether it is worthwhile to buy gold at the expense of interest. Once the interest rate of time deposit increases and the willingness to buy gold is not high, the price of gold will fall.
3. Inflation: The higher the national inflation, the greater the demand for gold as an emergency hedging tool, and the higher the global gold price.