2. Monetary policies of various countries, especially the United States, European Central Bank, Indian, China, etc. Loose monetary policy means that the money supply in this country will increase due to the decrease of interest rate, which will increase the possibility of inflation and lead to the rise of precious metal prices. Selling and absorbing gold by central banks often have a great impact on the price of precious metals. 201September 18, when all major investment banks expected that the Fed would start to reduce the size of its bond purchases and withdraw from the quantitative easing monetary policy, the resolution announced at 2 am on June 19 kept the size of its bond purchases unchanged, instantly causing gold and silver to soar by 3% and 5% respectively within two hours.
The inflation rate has risen sharply, which has caused people's panic. When the unit purchasing power of money decreases, precious metals will increase obviously, and vice versa.
4. International Trade, Finance and Foreign Debt Deficit The increase of the deficit in the United States will hurt the relationship between creditor countries and debtor countries and face the danger of financial collapse. At this time, in order to maintain their own economy from harm, countries will reserve a large amount of gold, which has caused the price of precious metals to rise in the market.
5. Geopolitical factors, international political turmoil, wars, terrorist incidents, etc. Major international political and war events will affect the price of gold. For example, World War II, the US-Vietnam War, the Iran-contra incident of 1986, the killing of bin Laden by the United States, and the expectation of US military action against Syria in September 20 13 all made gold and silver rise to varying degrees.
6. The influence of the stock market on precious metals. Generally speaking, the stock market falls and the price of gold and silver rises. If everyone is generally optimistic about the economic prospects, a lot of money will flow to the stock market, and the investment enthusiasm in the stock market will be high, and the price of gold and silver will fall.
7. Oil price precious metals are inseparable from inflation as a tool to hedge inflation. Rising oil prices mean that the currency will rise with it, and precious metals will also rise.
8. The economic data of developed countries such as the United States, especially the employment data of non-agricultural population in the United States, CPI, PPI, GDP housing operating rate and other data directly reflect the economic situation in the United States, affecting the trend of the US dollar and indirectly affecting the trend of precious metals.
9. The United States decided to withdraw from the progress of quantitative easing policy. Once the United States withdraws from the unconventional monetary policy, reduces the scale of bond purchases or no longer purchases government bonds, it will increase the expectation of dollar appreciation, thus hitting the medium and long-term bull market of commodity and precious metal prices in the financial market and laying a good foundation for shorting precious metals.
10. The influence of market technology on the trend. Market transactions are becoming more and more complicated. Fundamental analysis and technical analysis complement each other and add fuel to the fire. You need to refer to each other when trading.
1 1. The price interaction between gold and silver is generally positively correlated, because gold is more stable because of its monetary attribute, while silver pays more attention to its commodity attribute, making its price trend more active. Due to the positive correlation and price comparison between the two situations in the history of human civilization, a large number of individuals and institutions at home and abroad hedge and arbitrage precious metals, gold and silver across varieties.
Other factors: such as China administration's attitude towards US Treasury bonds, market psychological factors, etc.