Research On The Influence Factors Of Price Of Gold

Gold is a global old popular trade commodities,it be widespread used,such as jewelry,gold bars,gold bullion,and be had as private property by the people all over the world.So many people want to have gold,that the price of gold is hot.Everyone want to find the secret of the gold price.This paper discusses the two weight factors of the price of gold: In the long-term the price of gold is affected by the two aspects.One is commodity supply and demand,the other is the US dollar value.The gold market is a supplier-oriented.Gold price is so higher as the customer pay his best to pay.The world GDP is accurate measure of world purchasing power of goldIn addition,the US Dollar’ value also is always changing.If gold prices going down,the US dollar is going up.they have negative correlation relationship.