Analysis of the influencing factors of gold price and trend prediction
As an important precious metal, gold is affected by many factors.This article will analyze the main influencing factors of gold prices from the aspects of supply and demand, economic environment, and geopolitics, and try to predict future trends.
The impact of supply and demand relationship on gold price
Supply and demand relationship is one of the core factors that determine the price fluctuations of commodities.In the gold market, demand mainly comes from channels such as jewelry industry, investors and central banks, while supply is restricted by various factors such as mining costs, production volume, and policy regulation.
When the global economy is prosperous, people are more inclined to buy jewelry or transform assets into physical gold as a risk shelter, which will increase the demand for gold; on the contrary, when economic recession or uncertain increase, investors are more willing to hold to holdCash or other security assets have led to a decline in demand for gold.
The impact of economic environment on gold prices
The macroeconomic environment is also one of the important factors that determine the trend of gold.Under normal circumstances, when inflation, decline in interest rates, or depreciation of currency, people will seek purchase of physical assets to maintain value -added, which will push high for valuable products such as yellow prices.
In addition, when the global stock market fluctuates and the geopolitical tensions are intensifying, investors often turn some investment to risk aversion. Huang is considered a safe haven, and its price may rise.
