Equity Market Performance: FGEGX.US's price is heavily influenced by the overall performance of the global equity markets, particularly emerging markets. Positive market sentiment usually drives prices up, while negative sentiment leads to declines.

Fund Holdings: The fund's price directly correlates with the performance of its underlying assets. The specific companies and countries it invests in have a significant impact. Strong performance in these holdings will boost the fund's price.

Economic Conditions in Emerging Markets: The economic health of emerging market countries, including factors like GDP growth, inflation, and interest rates, affects the profitability of the companies in those regions, impacting the fund's price.

Currency Fluctuations: Currency exchange rates between the US dollar and the currencies of the countries in which the fund invests can significantly impact the fund's returns. A weaker dollar strengthens emerging market returns, and vice-versa.

Investor Sentiment: Investor confidence or fear, which may be influenced by political events, global crises, or changes in economic outlook, can drive buying or selling pressure on the fund, thus affecting its price.

Interest Rate Changes: Interest rate policies of central banks can affect the attractiveness of emerging market investments. Higher rates in developed economies might reduce demand for emerging market assets, decreasing the fund's price.