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Zhang Yaoying: We will welcome US PPI data and gold bulls indicate $2,500 during the day
Last trading day Monday (August 12): International gold/London gold rebounded sharply and closed higher, close to the historical high. Its momentum is stable and shows no signs of abating, which suggests that the market is expected to further refresh the historical high in the future. The operation still has to be mostly low and unchanged.
In terms of specific trends, since the Asian market opened at 2430.27 US dollars/ounce, it bottomed out and rebounded after falling below the 10-point period. It consolidated in a narrow range above $2,440 during the European session. After the US market opened, the bulls gained strength again, increased their strength, and continued to rebound and strengthened, hitting an intraday high of 2473.08 US dollars at the end of the session, and finally closed at 2471.91 US dollars, with a daily fluctuation of 49.39 US dollars, and closed up 41.64 US dollars. The width is 1.71%.
In terms of impact, the US dollar index and US bond yields continued to be hampered by pressure, which boosted the price of gold, but judging from its strength, it was not enough to support a sharp rebound in gold prices. In terms of market factors, apart from a series of geopolitical risk aversion;
Recently, Bank of America and Morgan Stanley have made statements defending the status of the Federal Reserve and urging the Federal Reserve to cut interest rates as soon as possible.
Also, according to the New York Federal Reserve's survey of consumer expectations, the one-year inflation forecast for July is 2.97%, slightly lower than the previous month's 3.02%. The inflation forecast for the next three years...
Last trading day Monday (August 12): International gold/London gold rebounded sharply and closed higher, close to the historical high. Its momentum is stable and shows no signs of abating, which suggests that the market is expected to further refresh the historical high in the future. The operation still has to be mostly low and unchanged.
In terms of specific trends, since the Asian market opened at 2430.27 US dollars/ounce, it bottomed out and rebounded after falling below the 10-point period. It consolidated in a narrow range above $2,440 during the European session. After the US market opened, the bulls gained strength again, increased their strength, and continued to rebound and strengthened, hitting an intraday high of 2473.08 US dollars at the end of the session, and finally closed at 2471.91 US dollars, with a daily fluctuation of 49.39 US dollars, and closed up 41.64 US dollars. The width is 1.71%.
In terms of impact, the US dollar index and US bond yields continued to be hampered by pressure, which boosted the price of gold, but judging from its strength, it was not enough to support a sharp rebound in gold prices. In terms of market factors, apart from a series of geopolitical risk aversion;
Recently, Bank of America and Morgan Stanley have made statements defending the status of the Federal Reserve and urging the Federal Reserve to cut interest rates as soon as possible.
Also, according to the New York Federal Reserve's survey of consumer expectations, the one-year inflation forecast for July is 2.97%, slightly lower than the previous month's 3.02%. The inflation forecast for the next three years...
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