#COMEX黄金跌1.41%至4107.2美元
1. Direct factors triggering a pullback
US Federal Reserve monetary policy and rate expectations: Recent US economic data has been stronger than expected, and Federal Reserve officials' remarks have been leaning hawkish. As a result, market expectations for a sharp near-term rate cut have cooled.
US dollar index and US Treasury yields rebound: The yield on the US 10-year Treasury has risen, pushing the US dollar index slightly higher. Since gold is priced in US dollars and does not pay interest, the opportunity cost of holding gold increases, leading some investors to take profits and sell.
2. Key technical levels
Resistance above (US$4,150 – US$4,180): If the bulls want to resume their rally, they need to regain and hold above this range, ideally accompanied by an expansion in trading volume.
Support below (US$4,020 – US$4,050): This zone is strong support for the short term. If it breaks, price could further test the US$4,000 psychological level.
3. Points to watch next
Overall economic data: Watch the upcoming US Non-Farm Payrolls (NFP) report and inflation CPI data, as they will directly affect how the market prices the timing of rate cuts.
Changes in risk-off sentiment: Although the market may pull back in the short term due to interest rate factors, geopolitical risks and the long-term demand supported by central banks' continued gold purchases still provide fundamental support against further downside for gold.#COMEX黄金跌1.41%至4107.2美元
1. Direct factors triggering a pullback
US Federal Reserve monetary policy and rate expectations: Recent US economic data has been stronger than expected, and Federal Reserve officials' remarks have been leaning hawkish. As a result, market expectations for a sharp near-term rate cut have cooled.
US dollar index and US Treasury yields rebound: The yield on the US 10-year Treasury has risen, pushing the US dollar index slightly higher. Since gold is priced in US dollars and does not pay interest, the opportunity cost of holding gold increases, leading some investors to take profits and sell.
2. Key technical levels
Resistance above (US$4,150 – US$4,180): If the bulls want to resume their rally, they need to regain and hold above this range, ideally accompanied by an expansion in trading volume.
Support below (US$4,020 – US$4,050): This zone is strong support for the short term. If it breaks, price could further test the US$4,000 psychological level.
3. Points to watch next
Overall economic data: Watch the upcoming US Non-Farm Payrolls (NFP) report and inflation CPI data, as they will directly affect how the market prices the timing of rate cuts.
Changes in risk-off sentiment: Although the market may pull back in the short term due to interest rate factors, geopolitical risks and the long-term demand supported by central banks' continued gold purchases still provide fundamental support against further downside for gold.#COMEX黄金跌1.41%至4107.2美元
漲
跌
5 day(s) left