Preamble:
Recently, the US economic data has been up and down, and the employment data has been weaker than expected, which has also caused some concerns about the US economic outlook, and in this case, the market has been relatively high in the market to cut interest rates. Although the market's expectations for the Fed to cut interest rates are relatively high, the Fed did not give a clear signal of interest rate cuts, but said in its speech that it would pay close attention to the performance of subsequent economic data, which also made the market's expectations for the Fed cut interest rates have changed. However, although gold prices have been under pressure, the market is still full of confidence in the trend of gold prices, believing that gold prices will soon usher in a wave of rebound.
1. The impact of U.S. economic data and Fed comments on gold prices
Although the market's expectations for the Fed to cut interest rates have been relatively high, the Federal Reserve has not given a clear signal to cut interest rates, but said in his speech that it will pay close attention to the performance of subsequent economic data, which also makes the market's expectations for the Fed cut interest rates have made some changes, although the market's expectations for the Fed to cut interest rates have changed, but the U.S. economic data is still very important to market expectations and gold price trends, only when the U.S. economic data continues to strengthen, the market is full of confidence in the U.S. economic outlook, The market will gradually fade the expectation of a Fed rate cut, so that it will be difficult for gold prices to rise sharply.
Although the U.S. economic data is very important to market expectations and gold price trends, but the Fed's comments also have a very big impact on market expectations and gold price trends, only when the Fed gives a clear interest rate cut signal in the speech, the market will gradually increase the Fed's expectations for interest rate cuts, so that gold prices will rise sharply, so in the next time, investors must pay close attention to U.S. economic data and the Fed's comments, so as to be able to more accurately grasp the trend of gold prices.
2. The impact of U.S. Treasury yields and inflation data on gold prices
In addition to the U.S. economic data and the Federal Reserve's comments, the trend of U.S. Treasury yields will also have a certain impact on gold prices, generally speaking, when U.S. Treasury yields rise sharply, this represents the market is full of confidence in the U.S. economic outlook, so that the market's risk aversion will gradually fade, and it will be difficult for gold prices to rise sharply. Risk aversion in the market will gradually rise, which will drive a sharp rise in gold prices.
In addition to U.S. Treasury yields, inflation data will also have a certain impact on gold prices, recently, the market has been very sensitive to U.S. inflation data, on the one hand, because the U.S. inflation data has not shown much growth, on the other hand, because the market expects inflation to slow down further, although the market expects inflation to slow down further, but the U.S. retail sales data has given a certain surprise, an increase of 0.4% month-on-month, which also makes the market have a certain improvement in the inflation outlook in the United States. As a result, there is some support for gold prices.
3. Technical analysis
Judging from the chart of gold prices, recently, gold prices have been falling slowly, although gold prices have been falling slowly, but the medium-term trend has been supported by the 50-day moving average, which means that gold prices still have some room to rise, but in order to make gold prices rise sharply, we also need some good news in the market to support, in the next time, investors must pay close attention to the United States non-farm data and CPI data, only when these data perform poorly, The market will gradually increase its expectations for the Fed to cut interest rates, so that gold prices may rise sharply.
Epilogue:
From the perspective of the global macroeconomic situation, the market has some concerns about the economic prospects of the United States, but the economic data of other countries have shown some growth, especially China's economic data, from these data, China's economic situation has been relatively optimistic, which has also brought some positive impact on the global economic outlook.
Although China's economic data has been relatively optimistic, but the economic data of other countries have shown a certain weakness, which also makes the global economic outlook full of certain uncertainty, in the long run, the global economic situation is still full of some variables, which also means that the trend of gold prices is still full of certain fluctuations, in the process of investment, we must be fully prepared, but also to pay close attention to the development of various international events, only in this way can we more accurately grasp the trend of gold prices, So as to obtain stable investment returns.
Here, I would like to share with you a sentence: the world economy is like a giant ship, and the global economy, like a big river, requires all countries to work together to deal with various challenges, so that they can better cope with various risks and meet future development.