The price of gold rose on Monday by the decline in yields in U.S. Treasury bonds and the weak US dollar.As the United States has completed the increase in interest rate hikes, and the US dollar is weak, it turns out that it is beneficial to gold.The price of gold benefits from this trend, and there are also signs of global economic slowdown.
【Market News Analysis】
Gold continued to buy a strong buy in mid -November after a strong rebound from the technical support. The price of gold was at the top in the new transaction week, setting a new six -month high.
As investors have increased betting on the Fed's current interest rate hike cycle, the market is testing more in -depth gold bidding, although excessive enthusiastic bidders continue to face frequent blows.
Although the slowdown of inflation is enough to raise interest rates to the Federal Reserve, the market should continue to digest interest and reduce interest and cut early.Essence
At the same time, as the currency market is expected to maintain 90%of the unchanged interest rates at the next two consecutive policy makers meetings, the purchase of gold has been supported by some support.
As the Fed's interest rate hike operation has become recognized by the market, the focus of the spot gold market has become a question of when the Fed started to cut interest rates.Gold investors will pay close attention to the main points of conversation between Fed officials this week.
The Federal Reserve Chairman Jerom Powell will attend a stove -by -side conversation at the Perman College of Atlanta on Friday afternoon. The Fed Chairman will discuss "the way to guide economic liquidity" there.
Considering the recent performance, the price of gold has risen by more than 8%since October, firmly breaks through the 200 -day simple moving average, and breaks through
The psychological level of $ 2,000/ounce -These two technical signals enhance the constructive prejudice of the metal.
In order to strengthen the theory point and verify the potential of further upward momentum, it is necessary to clearly and decisively break through
2010 USD/ounce -This is the main resistance area that has been hindering rising since the beginning of this year.Although this obstacle may challenge the multi -head, breakthroughs may catalyze the rebound to $ 2060/ounce, and then the May high of 2085 US dollars/ounce.
If the price of gold falls from the current position, the asset may tend to support the support level of 1980 US dollars/ounce to 1975 US dollars/ounce.When looking at the decline, the price may stabilize in the area, but falling below this level may lead to fall
1950 US dollars/ounce bar
200
Simple daily moving average.Below this threshold, attention may be concentrated again
1937
US dollar/ounce.
[Focus on financial data and events on Tuesday (Beijing Time)]
①
15:00
Germany December GFK Consumer Confidence Index
②
22:00
The monthly rate of the FHFA house price index in the United States in September
③
22:00
The annual rate of housing prices index in S & P/CS20 large cities in the United States
④
23:00
American Consumer Confidence Index in November
⑤
23:00
The United States in November, the United States, Chimmmond Fed Manufacturing Index
⑥
23:00
Federal Reserve Director Voller delivered a speech
⑦
23:45
Federal Reserve Director Bowman delivered a speech
⑧
The next day 05:30
The United States until November 24th API crude oil inventory
