The main factors influencing the spot price of gold transferred from Shanghai Nonferrous Metals Network are as follows:

1. Federal Reserve's interest rate decision

The United States is the largest economy in the world, and its influence in the world is weaker than before, but it still occupies a dominant position. Therefore, every move of the American economy will directly lead to large fluctuations in the spot gold price.

2. American non-agricultural data

Non-agricultural data refers to the employment number, employment rate and unemployment rate of non-agricultural population in the United States. It will be published on Friday of the first week of every month. Refers to the employment situation of people other than American farmers. America is a highly industrialized and modernized country. Agriculture accounts for only a small part of its economy. Therefore, the employment situation of people other than American farmers is particularly important in the United States. Non-agricultural data reflects the development of American economy from the side. The increase of employment, the increase of employment rate and the decrease of unemployment rate indicate that the good economic development in the United States will attract a large amount of funds for investment, thus reducing the risk aversion of funds. It will lead to downward pressure on spot gold prices. Anyway, it will push the spot gold price up. Therefore, the monthly non-agricultural index will always affect the nerves of a large number of spot gold investors.

3. US dollar trend

As the world's largest currency, the US dollar is also the main currency for world trade settlement, and it is also the strategic foreign exchange reserve of all countries. Although it is no longer the Bretton Woods era, beauty still affects the price of gold. The dollar strengthened and the price of gold fell; The dollar weakened and gold rebounded.

4. International situation

It is said that apart from the United States, the biggest impact on spot gold prices is the turbulent international situation. Britain's withdrawal from the European Union, the French election, the British election, the wrestling between the United States, Russia and other forces in the Middle East may have an impact on the future spot gold price. If the international situation is stable, then the price of gold will be stable and the international situation will be turbulent, then the price of gold will be like a roller coaster.

5. Supply and demand

Gold can become a hard currency, because it is scarce, and because its chemical properties are stable and difficult to deteriorate. In fact, in the final analysis, it is a kind of metal, which cannot be eaten or drunk. Although gold is hard currency, it cannot be circulated as currency in times of peace and prosperity. If the artificial value is set aside, then gold can only be used for industrial purposes. If the industrial demand is large, even exceeding the amount mined every year, then gold will definitely decrease year by year, thus raising the price of spot gold. On the other hand, if the industrial demand is small and the mining volume is too large, the spot gold price will shrink. Things are rare, but too much is not good. That's what it means.

To sum up, according to the conventional development, these factors can have a significant impact on the spot gold price, but they are not limited to these reasons. As the first investment project in the world, the trading volume of the spot gold market has not stopped, and it is traded 24 hours a day. Some international emergencies may lead to fluctuations in spot gold prices. But people with a keen sense of smell can seize the opportunity and make huge profits in this fluctuation. This is also the charm of the spot gold market. Therefore, investing in gold should not only master the basic knowledge of investment, but also always pay attention to the world situation and major events.