Group 1: Gold Market Overview - Gold prices experienced a slight increase, currently around $3333 per ounce, after a significant drop of about $30 from a high of $3350 per ounce due to optimistic investor sentiment regarding US-China trade negotiations [1] - On June 10, gold reached an intraday high of $3349.20 per ounce before falling to approximately $3319 per ounce, closing at $3322.49 per ounce, reflecting a daily decline of 0.1% [1] - The market is closely monitoring the upcoming US Consumer Price Index (CPI) data, with economists predicting a slight increase in core CPI to 2.9%, which may impact inflation expectations and subsequently gold prices [2] Group 2: Trade Negotiations Impact - US Commerce Secretary Wilbur Ross indicated that trade negotiations between the US and China are progressing "very, very smoothly," with hopes for a conclusion by the end of the day [1] - US Treasury Secretary Steven Mnuchin described the negotiations as "productive," highlighting the importance of these discussions for market sentiment [1] Group 3: Economic Outlook and Gold's Appeal - The World Bank has downgraded its global economic growth forecast for 2025 to 2.3%, citing trade barriers and tariff increases as potential risks to global trade, which enhances gold's appeal as a safe-haven asset [3] - The current geopolitical risks and economic slowdown are contributing to the attractiveness of gold as a store of value, as noted by High Ridge Futures' David Meger [3] Group 4: Technical Analysis of Gold - Technical indicators suggest that gold prices are finding support near the 20-day simple moving average (SMA) at $3302 per ounce, with a need to break above $3350 per ounce to shift to a bullish outlook [4] - The relative strength index (RSI) is stable around 52, indicating a lack of strong directional momentum, while the 200-period SMA at $3300 provides additional support [4]
中美贸易谈判传重磅消息！世界银行下调全球经济预期 金价冲高回落
Jin Tou Wang·2025-06-11 02:13