On November 28, the price of COMEX gold fell 0.12% to 2661.50 US dollars/ounce, and Shanghai Gold mainly rose 0.04% to 613.92 yuan/gram.
Geographically, the Israeli military said that a number of suspects were found in various regions in southern Lebanon. Some of the suspects were carrying vehicles, which constituted a violation of the law.
In terms of interest rate cuts, the latest CME “Federal Reserve Watch” data shows that the probability of keeping current interest rates unchanged in December is 33.7%, and the probability of cutting interest rates by 25 basis points is 66.3%. The probability of keeping the current interest rate unchanged until January next year is 25.8%. The probability of cutting interest rates by 25 basis points is 58.6%, and the probability of cutting interest rates by 50 basis points is 15.6%.
Overall, against the backdrop of a lack of new favorable impetus, the upward rebound of gold has weakened. Once it falls below the recent low, the pullback may increase.
Source: Wind, Jin10 Data, Everbright Futures Research Institute
Written by Wu Aihua
Professional qualifications: F3074355
Investment Advisory Qualification: Z0017696
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