Gold price fluctuation analysis for nearly 3 months

Gold price fluctuation analysis for nearly 3 months

In the past three months, the price of gold has experienced violent fluctuations and has been affected by many factors.This article will analyze these factors and explore its impact on the trend of gold price.

Global economic situation

The global economic situation is one of the important factors affecting the fluctuation of gold price.Recently, with the gradual recovery of major global economies, investors' demand for risk assets has increased, resulting in some capital outflow of risk -free assets such as gold.In this case, the price of gold may decline.

Geopolitical risk

Geopolical risk is also one of the important reasons for the fluctuations in gold price.Recently, the frequent situation in the Middle East and the upgrading of trade war has caused investors to seek risk shelter assets.In this case, speculative buying pouring in the market may be seen in the market and pushed up the price of gold.

US dollar exchange rate change

The changes in the exchange rate in the US dollar will also directly affect the fluctuation of gold prices.Under normal circumstances, the strengthening of the US dollar will cause other currencies to depreciate. In this context, speculative buying may turn to the US dollar and reduce the purchasing power and reduce the demand for risk aversion.Compared with other commodity items and currencies, the price of RMB and silver and silver has further improved their useful and reserves to cause more attractive and value -preserving functions to increase the activity of transaction activity.

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