1, dollar index
The trend of gold is inversely proportional to the trend of the US dollar index, that is, when the US dollar index falls, the price of gold has an 80% probability of rising. Mainly internationally, gold transactions are mainly denominated in dollars. The decline of the US dollar index means that the US dollar weakens and depreciates. Other things being equal, gold will strengthen and the net value of gold funds will also rise.
2. Policies of the Central Bank
Generally speaking, gold is also one of the strategic reserves of various countries, and the specific implementing agency is the central banks of various countries. Therefore, the attitude of central banks towards gold has a great influence on its trend. For example, the increase in holdings of gold by major central banks around the world will definitely push the price of gold higher.
3, seasonal and holiday supply and demand
This aspect mainly affects the price of gold by affecting the supply and demand of gold. For example, when the Spring Festival comes, investors' demand for gold will increase significantly, which will lead to a seasonal increase in the price of gold at this stage and also promote the net value of gold funds.
4. Industrial demand
Gold is also one of the important industrial nonferrous metals, which is widely used in industry. In a good economic situation, the demand for industrial gold will greatly increase, and the price of gold will also rise.