At the beginning of the week, Egyptian and Israeli soldiers suddenly exchanged fire in the Rafah area, and concerns about escalating tensions in the Middle East have increased. However, the minutes of the Fed's meeting last week were hawkish. The Fed may keep interest rates stable for a longer period of time. Fed Governor Waller said that the neutral interest rate...
Analysis of gold news: Spot gold is currently trading around $2,342/ounce during the U.S. market on Thursday (May 30). Gold prices fell nearly 1% on Wednesday, closing at $2,337.88/ounce. The strengthening of the U.S. dollar to a two-week high, the rise in U.S. Treasury yields to a four-week high, and the hawkish remarks of Fed officials hit market sentiment. The...
On Wednesday, the prices of European and American bonds fell across the board, and the upward yields collectively put pressure on gold prices. Specifically, on the one hand, the yield of Germany's benchmark 10-year German bond rose by more than 10 basis points during the session; on the other hand, after the two-year and five-year Treasury auctions on Tuesday were...
In the trend of gold daily K, the stochastic indicator crosses downward, the main short runs downward, the central axis pressure position is near 2365, the main pressure, therefore, in terms of daily K, one is the form of the central axis suppression, the other is the indicator crosses downward, therefore, we can consider continuing to choose the high-altitude...
In the U.S. market on Tuesday (May 28), spot gold fluctuated within a narrow range and is currently trading around $2,355 per ounce. Gold prices rebounded nearly 1% on Monday, hitting an intraday high of $2,358.40 per ounce and closing near $2,350.99 per ounce, as investors assessed reduced bets on U.S. interest rate cuts ahead of a key inflation report later this...
On Friday, the United States released the University of Michigan consumer confidence index for May and one-year inflation expectations. From a data point of view, the University of Michigan Consumer Confidence Index recorded 69.1, higher than market expectations of 67.5 and the previous value of 67.4, ending a three-month downward trend. At the same time, judging...
Gold fell as the dollar rose to a new one-week high after traders reduced bets on the Fed cutting interest rates more than once this year after hawkish Fed meeting minutes released early Thursday morning. The strong performance of U.S. initial filings and PMI data released on Thursday night further dampened expectations of a rate cut by the Federal Reserve. The...
Yesterday's unilateral decline in gold ended in line with expectations and gradually adjusted towards the 2330 mark, which is also the only key support on the daily line. During the 4H cycle, the high point has been under pressure. Although there is a rebound under the 2330 first-line support in the short term, it remains to be seen whether the weakness can be...
Data released on Wednesday (May 15) showed that the U.S. core CPI monthly rate cooled for the first time in six months, indicating that price pressures are gradually weakening and supporting the Federal Reserve's intention to maintain higher interest rates for a longer period of time. After the data was released, spot gold surged by about $17 in the short term,...
Gaza ceasefire talks broke down, Israel advanced into northern Gaza and stormed Rafah without making any progress. U.S. CPI data in April fell short of expectations, April retail sales data fell short of expectations, U.S. inflation has gradually cooled over time, and weak retail sales data have boosted the possibility of the Federal Reserve cutting interest rates...
Gold hit the bottom and recovered to close as expected on Wednesday. The price of gold retraced its lowest support of 2351.7 and started to rise. It closed at 2385 in late trading, with a daily increase of 1.18%. It is a strong closing pattern, which also laid the foundation for Technically, after the daily closing of the Yang line, the gold price rushed towards...
Short-term gold continues to rise. Gold is still maintaining a strong and volatile trend along the short-term moving average on the daily trend. The price fell back after touching the early pressure zone, but the continuation was not very good and it continued to pull as expected. , but we need to see how the daily line closes today. Judging from the current...
The U.S. PPI data in April was strong, rising 0.5% month-on-month, 0.3% higher than expected. Core PPI also rose 0.5%, while the expected 0.2% was. However, both March PPI and core PPI were revised down from 0.2% to -0.1 %, the sharp downward revision of March PPI moderated the unexpected increase in April PPI. Powell's speech was also half hawkish and half...
On Tuesday, data showed that the U.S. PPI growth rate in April was 0.5%, much higher than the expected 0.3%. After hearing the news, traders reduced their bets that the Federal Reserve will cut interest rates for the first time in September. The possibility of an interest rate cut in September is estimated to be 60%. , while the probability before the report was...
Gold rebounded today relying on support near 2332, and the European market rebounded to around 2348. At present, the long and short positions are not very clear. 2355 is the key and watershed. The short-term trend is somewhat strong, and there may be an upward impact test in the evening. At the top, focus on the key watershed of 2355, and on the bottom, focus on...