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XAUUSD
Gold / U.S. Dollar
Past performance is not an indication of future results.
About
Gold, having strong value preservation, is an international settlement currency as well as an important means for central banks to fight inflation and regulate the market.
Factors Affecting Gold Price
1. U.S. dollar exchange rate. Generally speaking, Gold price falls with U.S. dollar rising, while it rises with U.S. dollar falling. 2. Inflation. The inflation rate in the United States is most likely to influence Gold price. 3. International trade, finance, external debt deficits, etc. Wars, geopolitics, etc. Major political events will cause panic in the market, thereby boosting Gold price.
Historical Market Review
The global novel coronavirus epidemic broke out in March 2020, and the price of gold rose all the way from the lowest of 1455 to 1764 in May, which rose by more than 300 U.S. dollars, with a profit margin of up to 6000%!
Economic Data Affecting Gold Prices (by importance)
1. U.S. Non-Farm Payrolls 2. U.S. Fed Interest Rate Decision 3. U.S. Fed voters speak
