Gold: The trend is bullish, and operations need to be cautious
Is the risk of a credit crunch imminent? Market focus turned to this week's US CPI. Before the Federal Reserve's interest rate decision in May, the market is expected to continue to be in an environment where fundamentals and risk appetite resonate upward.
With the end of the Easter holiday, affected by the good US non-agricultural data last Friday (April 7), market expectations for the Federal Reserve to ease monetary policy and tightening have declined. The US dollar rebounded strongly, and gold prices fell 0.81%. Breaking the psychological barrier of
2
,000 per ounce.
The U.S. non-farm payrolls report for March, released on Friday, showed 236,000 new non-farm jobs, adding to bets that the Federal Reserve will raise interest rates by another 25 basis points at its May meeting, with the Fed on hold May be further delayed.
If the Fed maintains its monetary tightening policy for longer than the market expects, it will provide more support for the dollar, which will put pressure on gold prices. The 2000 psychological mark may become a key resistance for gold prices in the next few days or weeks.
However, it is worth noting that the Fed’s recent monetary policy path faces many uncertainties. If the effect of aggressive interest rate hikes is highlighted, the turmoil in the banking industry leads to more negative impacts, and the economy shows a clear downward trend, the Fed may soon adopt a dovish stance . When that happens, it's time for renewed strength in gold prices.
Regarding the trend prediction of gold, it will be continuously updated in the article later, and everyone involved in this area can follow up and discuss it. Gold is currently in a very delicate situation, and it is also a critical watershed, so everyone should pay special attention to transactions, and don't make trouble with your own money.
With the end of the Easter holiday, affected by the good US non-agricultural data last Friday (April 7), market expectations for the Federal Reserve to ease monetary policy and tightening have declined. The US dollar rebounded strongly, and gold prices fell 0.81%. Breaking the psychological barrier of
2
,000 per ounce. The U.S. non-farm payrolls report for March, released on Friday, showed 236,000 new non-farm jobs, adding to bets that the Federal Reserve will raise interest rates by another 25 basis points at its May meeting, with the Fed on hold May be further delayed.
If the Fed maintains its monetary tightening policy for longer than the market expects, it will provide more support for the dollar, which will put pressure on gold prices. The 2000 psychological mark may become a key resistance for gold prices in the next few days or weeks.
However, it is worth noting that the Fed’s recent monetary policy path faces many uncertainties. If the effect of aggressive interest rate hikes is highlighted, the turmoil in the banking industry leads to more negative impacts, and the economy shows a clear downward trend, the Fed may soon adopt a dovish stance . When that happens, it's time for renewed strength in gold prices.
Regarding the trend prediction of gold, it will be continuously updated in the article later, and everyone involved in this area can follow up and discuss it. Gold is currently in a very delicate situation, and it is also a critical watershed, so everyone should pay special attention to transactions, and don't make trouble with your own money.
Yorum:
Note 2005
