The main factors affecting the price of gold
1. International political situation. As the saying goes: when a cannon rings, there are two thousand gold. Gold's unique risk aversion and value preservation make it particularly sensitive to political turmoil, war and other factors, and every war will inevitably make the price of gold soar sharply. For example, the recent Iranian nuclear issue and the war conflict between Turkey and Iraq are one of the main factors for the recent record high of gold prices. 2. The trend of the US dollar. The impact of the US dollar on the gold market is mainly in two aspects. First, the US dollar is the price-marked currency in the international gold market, so it is negatively correlated with the gold price. Assuming that the value of the gold price itself has not changed and the dollar has fallen, the price of the gold price will show an increase; On the other hand, gold is an alternative investment tool for dollar assets. The recent bull market of gold price and the market's continuous expectation for its big bull market are all accompanied by the market's expectation that the dollar will be weak for a long time. The decline of the dollar will inevitably weaken the attractiveness of dollar assets to investors, and they will move to the gold market one after another, thus driving the price of gold to rise. 3. Crude oil price. Gold has the function of resisting inflation, and the international crude oil price is closely related to the inflation level, so the price of gold and crude oil is basically positively correlated, that is, crude oil goes up, gold goes up, and crude oil goes down. As the main crude oil producing area in the world, the war between Turkey and Iraq made the market worry about the danger of crude oil supply interruption in this area, and the oil price rose accordingly, which in turn pushed up the gold price. 4. Relationship between supply and demand. Generally speaking, the development speed of the world economy determines the total demand of gold, for example, in the field of microelectronics and aviation technology, gold is used more and more. Gold is not only an important industrial raw material, but also a folk material for making ornaments. The coming Indian religious festivals and wedding ceremonies, the Lunar New Year in China and the Christmas in the West are the peak consumption of gold ornaments. Therefore, when consumer demand rises, the price of gold will also rise. 5. Global stock market. The development history of the international gold market shows that under normal circumstances, gold and the stock market also run in reverse. When the stock market rises sharply, the price of gold often falls, and vice versa. However, because China's mainland stock market is relatively closed, the rise and fall of gold price is not closely related to the mainland stock market, but has a strong correlation with some important overseas stock markets (such as new york, Tokyo and London). 6. International commodities. Due to the sustained economic rise of China, Indian, Russian, Brazil and other countries, the demand for non-ferrous metals and other commodities continues to be strong, coupled with the speculation of international hedge funds, the prices of international commodities such as non-ferrous metals and precious metals have continued to rise strongly since 21, which is the embodiment of the price linkage of commodity markets. 7. Global inflationary pressure, the increase or decrease of gold reserves of central banks, the level of international fund positions, etc. Spot gold trading rule 1 unit of measurement. London gold: priced in US dollars and measured in English ounces. One ounce is 31.135 grams. The daily bid price is marked as * * * USD/ounce, indicating the USD price of gold per ounce. The minimum transaction volume is 1 lot, and one lot is equal to 1 ounces. 2 margin trading. Loco-London gold: The deposit for each lot is USD 1, (RMB 6,81). Investors can trade 1 ounces of gold for only $1,, without having to pay the full amount. If the current price of gold is 95 dollars/ounce, you can trade 95, dollars (95 dollars *1 ounces) of gold only by paying 1, dollars. 3 the direction of the transaction. London gold trading: two-way trading. You can go long or short. That is, you can buy up or down. No matter how the price of gold moves, investors always have the opportunity to make a profit. Gold goes up, do more. Gold fell, short. 4 instant buying and selling. London gold trading: T+ system is implemented, that is, trading can be completed at any time during trading hours. There is no question of whether someone takes the order. That is to say, as long as there is a price in the market, the transaction will be completed immediately as long as the investor gives the order to buy and sell. 5 trading hours. Loco London gold: The trading hours of spot gold are from the opening of the New Zealand market at 6: a.m. every week to the closing of the new york market at 1:3 a.m. every Saturday. It can be traded 24 hours a day. Among them, 9: a.m. to 4:3 p.m. is Asian trading time, 4:3 p.m. to 12: p.m. is European trading time, and 8:3 p.m. to 1:3 a.m. is American trading time. As new york is the largest financial center in the world with a huge amount of funds, gold trading is the most active in this period. 1:3 am to 6: am is the electronic trading time, which is relatively light. 6 fluctuation range. London gold: There is no limit on the international spot gold market. 7 transaction costs. London gold trading: the transaction cost of each lot is 5 spreads, that is, the price of gold fluctuates by .5 USD. Comparison between gold investment and other financial investment products: investment varieties, operation direction, trading mode, capital use, market comparative information research, risk profit, London gold bilateral T+ margin fair international market, large transaction volume, no open and transparent farming behavior, convenient for research, moderate and relatively stable stock unilateral T+1 full domestic market, many human factors, difficult to grasp information disclosure asymmetry, but unstable fund unilateral T+1 full domestic market information is less, It is not convenient to study the small stable but small paper gold bilateral T+ full domestic market, but the price is open and transparent in synchronization with the international market, which is convenient to study the small but stable commodity futures bilateral T+ margin domestic market. There are many human factors, so it is difficult to grasp the information disclosure asymmetry. The China stock market makes more money, and the global gold market makes more money! Comparative example of income from stock investment and gold investment: An investor invested RMB 1, in stock and gold respectively. Assuming that it buys shares with all its capital in the stock market, when the index rises from 3, to 6, (it is estimated that it will take nearly one year to reach it), its shares have also achieved the same increase (6%). Then the stock return = 1, * 6% = 6, yuan, and at the same time, the gold price in the international market has also risen from 88 US dollars/ounce to 95 US dollars/ounce (the increase is less than 1%, and the time is 3 months). Suppose that 25% of the total investment amount (1, RMB), that is, 25, RMB (about 4, USD), is used to make more than 4 lots at 88 (each lot needs a margin of 1, USD), and the profit is closed at 95 USD/oz. Then the gold return =(95-88) USD/oz *1 oz/lot *4 lots = 28, USD * 6.8 = 19,4 RMB. Summary: In the case that the total investment amount is equivalent, the increase is only 1/6 of that of the stock, and the actual investment amount is only 1/4 of that of the stock, the gold has achieved about 3 times the return of the stock.