Annual gold price fluctuation analysis and future trend prediction
Gold prices have always been one of the focus of global investors and economic observers.In the year, the price of gold has experienced many fluctuations and affected by various factors.This article will analyze the fluctuations of the annual gold price and try to predict the future trend.
Global economic situation and gold price fluctuation
The global economic situation is one of the important factor affecting the fluctuation of gold price.In the year, the overall performance of major global economies performed smoothly but downturn, which led investors to have demands on shellfish assets like gold.Therefore, in some times, gold prices have risen.
Geopolical risks and changes in gold prices
Geopolical risk is also one of the important reasons for the fluctuations in gold prices.In the past year, there were many conflicts and war in the Middle East. These incidents brought uncertainty and panic to the market, and pushed up risk aversion and gold prices.
The relationship between US dollar exchange rate and gold price
The US dollar exchange rate has an important influence on gold prices.Under normal circumstances, the strengthening of the US dollar will reduce the price of gold; weak dollars will boost yellow Gold 1 OZ Price 2. The Gold Price Forecast at the end of the Month 84.07, Change for January -0.6%. Then, thenIn the Beginning Price at 84.07 Dollars. High Price 86.44, Low 82.92.
The Average for the Month is $ 85.
