These indicators explain the vast majority of gold's daily price movements. Each one has a direct, measurable influence on XAU/USD.
Bearish / Bullish reflects the current reading's impact on gold — not the indicator's own direction
These factors don't move gold tomorrow — they move it over weeks, months, or years. They are the foundation on which daily moves are built.
Central banks just logged their biggest quarterly gold haul in over a year, and Goldman thinks it keeps going.
Read full analysis →No fresh reserve numbers this cycle, but UBS says the slow drift away from the dollar still points straight at gold.
Read full analysis →A second shipping chokepoint just came under threat, and gold's risk premium is taking notice
Read full analysis →Mines are pumping out the same gold they did in 2018, even with prices at records and a few standout mines shining.
Read full analysis →Estimated relative weight of each factor in today's +$24.50 movement. Calculated based on historical correlations and the magnitude of each variable's move.