What is going on with the price of gold plummeting

As a precious metal, the price of gold is always unstable, so collectors are also very worried. What happened to the price of gold plummeting? As a precious metal, the price of gold is always unstable, so collectors are also very worried. What happened to the price of gold plummeting? The most important reason for the collapse in the price of gold is that global inflationary pressures are reducing, which reduces the attractiveness of gold's inflation-avoidance function. Those gold bulls who bet that inflation will explode as central banks scramble to print money have to surrender and exit the gold position regardless of the cost, and proceed in the opposite direction. Macro factors: China's economic data is sluggish. After the release of China's disappointing economic data, an increase of 8% lower than market expectations has suppressed investor sentiment. Some analysts believe that the US economy continues to recover steadily, the US dollar is strong, and the market’s expectations of the Federal Reserve’s quantitative easing have weakened, weakening the safe-haven properties of gold as a precious metal, and suppressing gold prices after 12 consecutive years of bull market.　Market factors: Gold investors switched to stock speculation. Since the beginning of this year, the price of gold has continued to be weak, which has sharply reduced the interest of precious metal investors in gold investment, and many gold investors have switched to stock speculation. Crisis of confidence: Gold is questioned whether it is an effective hedging tool. The precious metals analyst said: “It is clear that the suspicion factors in the gold market are greater than a week ago. The scope of suspicion includes the independence of the central bank, the central bank’s control of gold reserves, and the EU treaty. Sacredness. Gold investors once again realize that investing in gold is not a very effective hedging measure. 'What is going on with the price of gold plummeting? Collecting gold must pay attention to many factors, so as to ensure profitability. Of course, if you think gold is safer, collecting gold is undoubtedly a good choice. Previous: What is pink crystal Next: How to calculate the price of gold