Group 1 - The recent decline in gold prices is attributed to improved trade sentiment, which has reduced the safe-haven demand for gold, with current trading around $3362 per ounce, down approximately 0.69% [2] - The U.S. dollar index's influence on gold prices is limited, while rising U.S. Treasury yields are putting additional pressure on gold [2] - The international trade situation has shown signs of easing, with President Trump announcing a trade agreement with Japan, which includes a commitment from Japan to provide $500 billion in investments and loans to the U.S. [2][3] Group 2 - Investors are awaiting the U.S. Purchasing Managers' Index (PMI) data, with expectations for the July Markit manufacturing PMI to be 52.6 and the services PMI to be 53.0; any PMI below 50.0 could indicate economic contraction and pressure the dollar, potentially benefiting gold prices [3] - The market is also closely monitoring the ongoing tensions between President Trump and Federal Reserve Chairman Powell, which could influence monetary policy and market sentiment [3] - The European Central Bank's interest rate decision and subsequent press conference are anticipated, with expectations of no change in rates, which may favor the dollar and negatively impact gold [3] Group 3 - Technical analysis indicates that gold is currently in a weak state, with significant resistance at the 3385-3390 range and support around 3345-3335; the market sentiment suggests a preference for short positions [4][6] - A strategy for trading gold includes shorting on rebounds around 3380-3385 with a target of 3360-3350, and buying on dips around 3335-3340 with a target of 3350-3360 [7] - The analysis emphasizes the importance of risk management and the need for traders to adapt their strategies based on market conditions [8]
金晟富:7.24黄金承压下行延续走弱!晚间黄金行情分析参考
Sou Hu Cai Jing·2025-07-24 10:20