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 bank gold buying is picking up speed again, and China just imported more bullion than ever recorded
Read full analysis →Nobody is dumping the dollar overnight, they're just keeping a smaller emergency stash of it
Read full analysis →Oil tankers are getting attacked and Russia sanctions may ease, yet gold keeps falling anyway
Read full analysis →Ecuador's next big gold mine won't even reach full output until 2028, a reminder new supply can't come fast
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.