Core Viewpoint - The upcoming release of the US PCE inflation data is expected to significantly impact market dynamics, particularly affecting the dollar and gold prices [2][3]. Economic Indicators - The US PCE price index for May is anticipated to rise by 2.3% year-on-year, up from 2.1% in April, while the core PCE is expected to increase by 2.6%, compared to 2.5% in April [2][3]. - Analysts suggest that if the PCE data, especially the core index, falls short of expectations, it could weaken the dollar and boost other major non-USD currencies [2][3]. Gold Market Analysis - The gold market is currently influenced by a complex macroeconomic environment, with ongoing geopolitical tensions and economic uncertainties driving demand for gold as a safe-haven asset [4][5]. - Factors supporting potential gold price increases include sustained demand for safe-haven assets due to geopolitical issues, expectations of interest rate cuts by the Federal Reserve, and ongoing high levels of US debt and deficits [4][5]. - The gold ETF fund (159937) offers a low-cost investment option that closely tracks domestic gold prices, supporting T+0 trading and providing a long-term hedge against economic downturns [5]. Market Sentiment - Recent economic data from the US indicates weakening consumer confidence and spending, which may put short-term pressure on the economy, although the Federal Reserve remains cautious regarding inflation uncertainties [5]. - Despite a generally weak dollar index trend, the Fed's maintenance of high interest rates has temporarily mitigated the dollar's decline, while gold remains supported by increasing international trade risks [5].
现货黄金失守3290美元/盎司关口,机构建议聚焦美国PCE数据
Xin Lang Cai Jing·2025-06-27 07:13