现货黄金基本面分析（Spot gold fundamentals analysis）.doc

现货黄金基本面分析（Spot gold fundamentals analysis） Spot gold fundamentals analysis From the factors that influence the fluctuation of gold price, the future trend of gold is analyzed, which is the basic analysis of gold investment. Now, we will analyze the gold from the following factors. Dollar factor The dollar and gold are relative instruments of investment. If the dollar moves strongly, the dollar will have a bigger profit, so the price of gold will be affected. On the contrary, when the dollar is weak, investors will reduce the capital investment to the dollar, and to invest in the gold market, pushing the price of gold is strong. At the same time, because the international gold price is denominated in US dollars, the interaction between the gold price and the dollar trend is very close. Under normal circumstances, the reverse interaction between the rising dollar, the gold fall and the dollar fall and the gold price rise. In the fundamentals, capital and supply and demand and other factors are normal, the reverse interaction between gold and the dollar is still an important basis for investors to determine the trend of gold prices. Therefore, it is important to study and understand the relevant factors that influence the value of the US dollar. The major factors affecting the value of the dollar are as follows: 1, economic level macroeconomic data The economic data of the United States can be summarized from the following aspects: (1) response to cyclical economic data: GDP, nonfarm payrolls, unemployment, commercial sales, leading indicators, confidence index. (2) data reflecting inflation: core consumer price index (CPI), PCE, CPI, PPI, equipment utilization, hourly wage and price payment index. (3) reflect property construction data: new home sales, home sales, construction expenses, construction permits. (4) reflecting manufacturing and service data: ISM manufacturing index, ISM non manufacturing index, Chicago purchasing managers index, durable goods orders, fact