Cyrille Jubert, a precious metals analyst, said that gold and silver have broken through key monthly resistance levels, and the Shanghai gold premium has reached 1.9%. He predicts that gold prices will reach $3170 by 2025.

Aihuicha2023-12-10 10:22

At the end of the Asian market on Friday, spot gold slightly declined in the short term, with gold prices just falling below the $2030/ounce mark and almost giving up on the intraday rebound. Mat í as Salord, an analyst at FXStreet, pointed out that although the yield of US treasury bond bonds fell, gold still faced bearish pressure. Gold prices face strong resistance at $2040 per ounce.

Aihuicha2023-12-10 10:18

On Wednesday (December 6), as the US ADP data showed that the employment market further slowed down, the US treasury bond bonds gradually stabilized, and gold and silver both hovered in key ranges. As concerns about demand intensified, crude oil prices plummeted to their June lows.

Aihuicha2023-12-08 09:21

At the end of the Asian market on Thursday, spot gold remained relatively stable, with gold prices currently reporting around $2026 per ounce. FXStreet analyst Mat í as Salord stated that once gold prices fall below $2020 per ounce, there is a risk of a significant pullback in gold.

Aihuicha2023-12-08 09:18

At the end of the trading day in Sanya, spot gold maintained a mild rebound trend within the day, with gold prices currently reporting around $2023 per ounce. FXStreet analyst Mat í as Salord believes that bearish pressure on gold still exists. Once the gold price falls below $2010 per ounce, gold may face more downward pressure.

Aihuicha2023-12-07 09:21

Bank of China Guangdong Branch Wang Gang stated that the data from the United States on Tuesday was mixed, with a US ISM service industry PMI of 52.7, exceeding market expectations and previous data; The latest report from the US Bureau of Labor Statistics shows that JOLTS job vacancies decreased by nearly 600000 in October, to 8.733 million, far below the consensus of 9.35 million. The above data further drove the US dollar up, and the US dollar index regained the 104 mark overnight. The bullis

Aihuicha2023-12-07 09:19

Crude oil may face greater downward pressure. On the hourly chart, the 100 moving average is lower than the 200 moving average, indicating that the path with the least resistance is downward or that channel support is more likely to be broken.

Aihuicha2023-12-04 09:21

On Friday, December 1st, Federal Reserve Chairman Jerome Powell refuted market expectations for future interest rate cuts, stating that it was too early to conclude with confidence that monetary policy was sufficiently restrictive. Despite Powell's cautious remarks, as the stock market rose on the day, yields continued to decline as traders interpreted it as a signal that the central bank had completed raising interest rates. The yield of 10-year US treasury bond bonds fell more than 13 basis po

Aihuicha2023-12-04 09:18

Bank of China Guangdong Branch Wang Gang stated that although the US October PCE data on Thursday showed that inflation was still slowing down, the extent of the slowdown was limited. Therefore, the author believes that this data is not enough to shake the idea of Fed decision-makers maintaining high interest rates. On Friday evening, Powell will also give a speech on currency issues. Be careful not to pour cold water on Powell's view of the market's expectation of no further interest rate hikes

Aihuicha2023-12-03 10:25

On Friday in the European market, spot gold maintained its intraday rebound trend, with gold prices currently trading around $2042 per ounce. The technical side of gold is currently sending a bullish signal, which supports further price increases in the future.

Aihuicha2023-12-03 10:23