Group 1 - Gold serves as a crucial asset in global financial markets, reflecting supply-demand dynamics and international geopolitical changes [1] - The study aims to reveal the intrinsic relationship between international situations and gold prices, analyzing the impact of various geopolitical events [2] - The research innovatively incorporates multiple factors such as geopolitical, economic, and monetary policy influences on gold prices [3] Group 2 - Gold's commodity attribute is linked to its industrial and jewelry demand, with supply from major gold-producing countries affecting its base price [4] - Gold's financial attribute positions it as a key investment asset and a hedge against risks, with significant increases in ETF holdings during crises [5] - Gold retains its monetary attribute as a recognized "hard currency," with central banks increasing their gold reserves to optimize foreign exchange structures [6] Group 3 - Political instability increases demand for gold as a safe-haven asset, with historical examples showing significant price spikes during geopolitical conflicts [7] - Economic changes, such as growth slowdowns or inflation, influence investor demand for gold, leading to price fluctuations [8] - Adjustments in monetary policy by central banks affect gold prices through changes in liquidity, interest rates, and currency values [9] Group 4 - Historical geopolitical events like the Gulf War and the Russia-Ukraine conflict demonstrate varying impacts on gold prices, with the latter showing prolonged effects due to multiple influencing factors [10][11] - Economic crises, such as the 2008 financial crisis, highlight gold's role as a safe-haven asset, with significant price increases during market turmoil [12] - The European debt crisis showcased gold's value as a non-euro asset, with price fluctuations driven by regional economic risks [13] Group 5 - The implementation of quantitative easing by the Federal Reserve post-2008 significantly boosted gold prices, illustrating the long-term effects of monetary policy [14] - Japan's negative interest rate policy provided a short-term uplift to gold prices, emphasizing the varying impacts of different monetary policies [15] - Recent geopolitical tensions, such as U.S.-China trade disputes and Brexit, have led to cyclical and event-driven fluctuations in gold prices [17][18]