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What is the plunge in gold prices?
1, the dollar index began to strengthen: the relationship between gold and the dollar is usually the opposite. If the US dollar index strengthens, the price of gold may fall;

2. Falling demand leads to falling gold prices: There are three countries in the world that particularly like gold, namely Russian, Indian and China. If the demand for gold suddenly drops, then the price of gold will fall;

3. The economic data released by the United States is mixed, which has limited impact on the market: the United States is the only superpower in the world. Economic development will affect many things, and so will the price of gold.

4. Oil price: Oil price will also affect the price of gold. Gold itself is a safe haven against inflation, which is inseparable from inflation in the United States. Rising oil prices mean that inflation will follow and gold prices will fall.