On Wednesday (November 22), spot gold surged on Tuesday and broke through the key resistance level of $2000 per ounce before retreating. The widening decline during the US period indicates the possibility of further decline, although the current pace of decline is gradual. With weak US economic data and expectations that the Federal Reserve will stop raising interest rates, this yellow precious metal still shows potential bullish potential.

Aihuicha2023-11-23 09:46

On Wednesday (November 22), as economic data showed that consumers' inflation expectations in the next year had further risen, some traders took profits from the dovish bets of the Federal Reserve, and the yield of US treasury bond bonds rose. The final consumer confidence index released by the University of Michigan in November was 61.3, slightly higher than the initial value of 60.4. Last week, the decline in initial unemployment claims exceeded expectations. In other aspects, due to the postp

Aihuicha2023-11-23 09:44

On Tuesday (November 21st), as the minutes of the Federal Reserve meeting reiterated the central bank's cautious attitude, stocks, bonds, and the US dollar remained almost unchanged. According to data from Goldman Sachs Group, hedge funds' bets on the US stock market have reached their most concentrated level in the past 22 years. The most popular bets are still large technology companies, including Microsoft, Amazon, and Meta, which were included in Goldman Sachs' "hedge fund VIP" lis

Aihuicha2023-11-22 09:38

On Tuesday morning trading in the European market, spot gold rose rapidly again in the short term, with gold prices approaching around $1995 per ounce, and gold prices surged by $15 during the day. The US dollar index continued its decline, reaching a minimum of 103.17, breaking a two month low. The weakening of the US dollar stimulates the strengthening of gold prices.

Aihuicha2023-11-22 09:32

Analysis of Trading Strategies for Gold and Crude Oil

Aihuicha2023-11-21 10:03

On Monday (November 20th), gold prices bottomed out and rebounded, initially under pressure due to the rebound in US Treasury yields. However, US Treasury yields subsequently fell, and recent US economic data boosted bets on the Fed's completion of interest rate hikes. The US dollar continued its decline, providing support for gold prices. In addition, the market continues to evaluate last week's inflation data in the United States and is seeking clues in the November meeting minutes of the Fede

Aihuicha2023-11-21 09:58

Analysis of Trading Strategies for Gold and Crude Oil

Aihuicha2023-11-20 09:43

As of the week ending November 14th, COMEX gold speculators reduced their net long positions by 12576 positions to 92660 positions, while oil speculators reduced WTI's net long positions by 11370 positions to 78487 positions. Speculators reduced the net short position of US treasury bond futures by 2059 positions to 128739 positions.

Aihuicha2023-11-20 09:39

Gold has steadily risen this week, and with the release of economic data, prices have fluctuated. However, after the strong and sudden fluctuations of the past month or so, the price trend of precious metals has become more orderly and less intense.

Aihuicha2023-11-19 10:37

Gold has steadily risen this week, and with the release of economic data, prices have fluctuated. However, after the strong and sudden fluctuations of the past month or so, the price trend of precious metals has become more orderly and less intense.

Aihuicha2023-11-19 10:32