The trade between China and the United States continues to ferment, and the hedging attribute triggered by trade factors is beneficial to the US dollar. For the US dollar's dominance of gold's hedging attribute, in the face of economic confrontation, the US dollar has attracted a large number of investors and pushed it higher. Gold needs to benefit from international political conflicts and war factors, which indicates that the current trade confrontation is heating up and continues to help the US dollar rise, The rise of the US dollar also suppressed the path of gold's rebound.