美政策市遇强数据 黄金困守区间待FED转向

Core Viewpoint - The current gold price is experiencing weak fluctuations around $3,330, influenced by technical resistance and market uncertainties regarding U.S. monetary policy and geopolitical tensions [1][3]. Economic Data - Recent U.S. inflation and employment data show strong performance, with the Producer Price Index (PPI) remaining flat month-on-month and a narrowing year-on-year increase, while the Consumer Price Index (CPI) indicates persistent inflation [3]. - Market expectations suggest that the Federal Reserve may only implement limited rate cuts within the year, despite high core CPI and hawkish comments from Fed officials [3]. Market Reactions - President Trump's comments about potentially dismissing Fed Chair Powell caused short-term volatility, pushing gold prices to a three-and-a-half-week high of $3,377, but subsequent denial led to a return to rational market sentiment [3]. - New tariffs on pharmaceuticals and copper have heightened global market risk aversion, providing some support for gold prices [3]. Technical Analysis - Gold is currently trading in the lower Bollinger Band range after a peak of $3,499.83, indicating a consolidation phase with key resistance at $3,444.82 and support at $3,278 [4]. - The MACD indicator shows a bearish trend, but diminishing selling pressure suggests a potential weak rebound [5]. - The RSI is stable at 49.47, indicating neutral market sentiment but slightly weak, with no clear direction expected in the short term [5].