$XAUT gold 4580 dollars, 24-hour slight dip of 0.59%. The market has been squeezed into a tight range of 4570–4600 dollars for five days. In the same time window, $BTC has instead regained the 79615-dollar level, rising 1.16% over 24 hours. This cold-and-hot rotation between gold and other assets is essentially a signal of how safe-haven capital is being reallocated.
The U.S. Dollar Index (DXY) is hovering around 99.24, and the 10-year U.S. Treasury (US10Y) yields 4.667%—both sides are giving no clear direction. The real-rate level also hasn’t generated any new momentum. On the central-bank gold-buying front, the Gold Association’s guidance hasn’t changed: central banks are still continuously adding, and long-term capital outside the market hasn’t pulled back its support for gold. What has seen some back-and-forth this week is the liquidity flow into exchange-traded funds: net inflows in North America and Europe combined are below ten tons, which is noticeably cooler compared with the same period last month.
Outlook: Gold is still likely to trade sideways as it grinds through a bottom in the short term. Without any new safe-haven event, it will be hard for the 4580-dollar level to break quickly. To break the deadlock, either the DXY needs to move further downward, or the Middle East needs to generate a bit more geopolitical noise. Only if gold holds above 4600 dollars will there be room for upside. If it breaks below 4560 dollars and returns to the lower edge of the range, going long for this week should be handled cautiously first.
#黄金险守4580美元 # Dollar Index hovering at 99.24 # Gold
The U.S. Dollar Index (DXY) is hovering around 99.24, and the 10-year U.S. Treasury (US10Y) yields 4.667%—both sides are giving no clear direction. The real-rate level also hasn’t generated any new momentum. On the central-bank gold-buying front, the Gold Association’s guidance hasn’t changed: central banks are still continuously adding, and long-term capital outside the market hasn’t pulled back its support for gold. What has seen some back-and-forth this week is the liquidity flow into exchange-traded funds: net inflows in North America and Europe combined are below ten tons, which is noticeably cooler compared with the same period last month.
Outlook: Gold is still likely to trade sideways as it grinds through a bottom in the short term. Without any new safe-haven event, it will be hard for the 4580-dollar level to break quickly. To break the deadlock, either the DXY needs to move further downward, or the Middle East needs to generate a bit more geopolitical noise. Only if gold holds above 4600 dollars will there be room for upside. If it breaks below 4560 dollars and returns to the lower edge of the range, going long for this week should be handled cautiously first.
#黄金险守4580美元 # Dollar Index hovering at 99.24 # Gold
