A. Factors affecting the price of gold

The price of gold is influenced by a variety of factors, including but not limited to the following:

1. market supply and demand: the supply and demand of gold is an important factor that affects the price. Changes in supply and demand will cause the price to rise or fall. If market demand for gold increases and supply remains relatively stable or decreases, the price may increase. Conversely, if market demand for gold falls and supply increases relatively, the price may fall.

2. Global economic conditions: The performance of the global economy has a great impact on the price of gold. When there is a recession, financial crisis, slowing economic growth or increased uncertainty, investors tend to put their money into relatively safer safe-haven assets such as gold, which may push up the price of gold. Conversely, economic recovery and optimistic expectations may weaken the demand for gold.

3. Currency markets and exchange rates: The price of gold is closely related to currency markets and exchange rates. When a country's currency depreciates or the market's confidence in that country's currency declines, people may be more inclined to buy gold as a safe-haven asset, thus pushing up the price of gold. In addition, the U.S. dollar as a global reserve currency, its exchange rate movements will also affect the price of gold.

4. Interest rate policy: The level of interest rates has an impact on the price of gold. Lower interest rates make it less expensive to hold financial assets, which increases the attractiveness of gold and may lead to higher prices. Conversely, higher interest rates make it more attractive to hold financial assets, which may put pressure on the price of gold.

5. Geopolitical risk: Instability and conflict in geopolitical situations often trigger market uncertainty and increase investor demand for safe-haven assets, thereby pushing up the price of gold. For example, events such as geopolitical conflicts, political tensions, and terrorist attacks may prompt investors to buy gold in search of value preservation and appreciation.

It is important to note that the gold market is also affected by short-term factors such as speculation, technical indicators, and commodity market sentiment, so price movements are somewhat uncertain and investors need to consider a variety of factors.

B. from what aspects can a novice trader understand and study the gold market?

As a novice trader, here are a few areas that can help you understand and study the gold market and make trading decisions based on this information:

1. Basic knowledge learning: First, you need to understand the basics of the gold market, including the history of gold, its uses, how it is traded, and the market participants. Understanding the basic concepts of the gold market will help you build a solid foundation.

2. Basic supply and demand analysis: Understand the impact of supply and demand on the price of gold in the financial markets and track the supply and demand situation in the gold market. For example, global economic conditions, central bank policies, geopolitical tensions, etc. may affect the supply and demand for gold and thus lead to price fluctuations.

3. Technical analysis: Learn and apply some basic technical analysis tools such as chart patterns, trend lines, moving averages, relative strength indicators, etc. to study and interpret gold price movements. Technical analysis can provide a visual representation of price movements and quantitative indicators to help you determine when to buy and sell.

4. Macroeconomic data: Pay attention to macroeconomic data related to gold, such as inflation rate, unemployment rate, interest rates, etc. Changes in these data may have an impact on the gold market as financial market participants make investment decisions based on the macroeconomic environment.

5. Political and geopolitical developments: Pay attention to the impact of global political and geopolitical developments on the gold market. Watch for international events, trade disputes, regional tensions, etc. related to gold trading that may trigger risk aversion and trigger demand for gold.

6. Industry research reports and analysts' views: Read gold market research reports and commentaries published by financial institutions, analysts and research institutes. These reports usually contain information about market trends, price forecasts and investment recommendations that can provide you with a reference.

7. Demo trading and practice: Use a demo trading platform to trade virtually in order to practice your trading strategies and observe their performance in different market situations. This helps you to familiarize yourself with the trading process and market volatility while improving your trading skills and decision-making abilities.

8. Continuous learning and self-improvement: Trading is a continuous process of learning and improving your skills. Maintain a continuous learning attitude, expand your knowledge and understanding by reading books, taking online courses, participating in community discussions, etc., and share your experiences with other traders.

It is also important to note that the gold market is risky and no one can accurately predict price movements. Therefore, you are advised to be cautious when trading and to make decisions based on your own research and analysis.

PS: You can view more gold market information, data charts in FxGecko app. You can also use FxGecko app to check the information of brokers around the world, and you can directly submit complaints for help when you encounter problems.

【Reminder】Investment is risky, decision-making needs to be careful. This article only represents the author's own views, for reference only, does not constitute any investment advice.