Gold Weekly Review: The intertwining of the Federal Reserve's hawkish policies and geopolitical risks, can the gold price hold its support?

Recently, the Gold market has experienced complex fluctuations. Although gold prices rose after the latest inflation data from the USA was released, they still could not avoid the downward pressure this week. Spot gold closed at $2622.56 per ounce on December 20, marking a weekly decline of 0.98%. The pullback of the dollar and US bond yields provided some support for gold, but the hawkish policy expectations of the Federal Reserve continue to suppress gold prices, leading to more cautious market sentiment. Fundamental Analysis shows that the slowdown in inflation, according to the USA's latest November PCE (Personal Consumption Expenditures) data, has brought short-term support to the gold market.

FX678 FinanceDec 20 23:20 ET

Gold Trade Reminder: USA data reinforces the Federal Reserve's hawkish stance, with gold prices aiming for the 200-day moving average?

On Friday (December 20), during early trading in the Asian market, spot Gold experienced narrow fluctuations and is currently trading around 2593.38 USD per ounce. After a rebound that was hindered on Thursday, Gold prices fell back, briefly rising to around 2626.33 USD per ounce earlier in the session, but closed below the 2600 mark at 2594.28 USD per ounce. US data strengthened expectations for a cautious easing policy from the Federal Reserve over the next year, with the USD and US ten-year Treasury yield continuing to rise, putting pressure on Gold prices. The data showed that the US economic growth rate in the third quarter exceeded expectations, while the number of jobless claims...

FX678 FinanceDec 19 18:54 ET

Gold Futures Close Lower, Reflecting US COMEX Trend

BernamaDec 19 06:55 ET

COMEX Gold In Bullish Zone With US$2,640 Strong Support

Business TodayDec 19 01:44 ET

Gold Prices Rebound From Fed-driven Rout, Hawkish Comments Cloud Outlook

InvestingDec 19 00:40 ET

Wall Street collapsed overnight! What kind of "poison" did the Federal Reserve unleash on the market?

① Apart from the US dollar, everything in sight—US stocks, US bonds, Gold, and Bitcoin all plummeted yesterday; ② This "indiscriminate" sell-off in the market reflects investors' extreme fear of the Federal Reserve's decision last night.

cls.cnDec 18 20:52 ET