3 factors affecting the price of gold

3 factors affecting the price of gold

from the epidemic situation of COVID-19 making gold more popular Because gold is valuable in it all the time. Because it is an asset that has the ability to hedge various types of risks, such as inflation. volatility in currency exchange rates The economic downturn, etc., makes investments in gold able to diversify the risk of the investment portfolio. Mainly, it should be considered from the following 3 factors:

- US stock market

If the stock market goes up The price of gold is likely to decline. Because the stock market is a risky asset. But gold is an asset with little volatility. The prices of both therefore move in opposite directions.

- Government bond yields

Based on the 10-year US Treasury bond yield, if there is an increase The dollar will also strengthen. This will result in the price of gold going down. Because gold does not return in the form of interest.

- US dollar currency

If the US dollar weakens against the world's major currencies The world gold price will rise Because the price of gold is traded in US dollars. But when the dollar weakens Gold will be cheaper.

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