Analysis of international gold price: the latest trend and influencing factors

Analysis of international gold price: the latest trend and influencing factors

International gold prices have always been one of the focus of global investors and economic observers.With the changes in the global economic situation, gold prices will also be affected by various factors, which shows different trends.This article will analyze the latest international gold price market and discuss the influencing factors behind it.

Current international gold price trend

Recently, international gold prices have shown a trend of fluctuations.This is mainly influenced by the combined effects of global economic uncertainty, upgrading of geopolitical tensions, and rising inflation expectations.Especially in the context of the continuous spread of the epidemic and intensified trade friction, investors' demand for insurance assets has increased, which has promoted the rise in precious metals such as gold.

Supply and demand relationship affects the trend of gold prices

The supply and demand relationship is one of the important factors that determine the fluctuation of gold price.As the global market demand for hedging assets has increased, gold is favored as a traditional risk shelter.At the same time, in the physical market, the consumption of gold jewelry has also recovered, which has supported the steady increase in gold prices.However, at the supply side, the impact of factors such as the production of mining industry may have a certain degree of pressure.

US dollar exchange rate and gold price correlation

There is a strong reverse correlation between the US dollar exchange rate and the price of gold.When the US dollar is strong, the price of valuable commodities will usually fall; on the contrary, when the US dollar weakens, it will help boost the price performance of valuables.At present, with the adjustment of the Fed's monetary policy and the tendency to relax the global monetary policy, it has supported the performance of valuable goods (including yellow) to some extent.

Geopolical risks and risk aversion attributes

Geopolical political risk events often cause market panic, and push up the cost of distant resource varieties (such as crude oil, soybeans, and copper);Basic exchanges purchase stock indexes or ETFs of equity and enter the visible category.