Market Overview - International gold prices fell again on July 28, with an opening price of $3,319.82 per ounce, a high of $3,345.30, a low of $3,301.77, and a closing price of $3,314.72 [1]. Economic Indicators - The Dallas Fed's business activity index for July recorded 0.9, exceeding market expectations of -9 and up from a previous value of -12.7, indicating slight economic expansion [2]. - The index for general business activity rose above zero for the first time since January, with a significant jump in the sub-index to 21.3, the highest in over three years [2]. - Labor market indicators showed positive trends, with increases in employment and working hours, although the new orders index remained negative [2]. Federal Reserve Insights - President Trump reiterated calls for the Federal Reserve to lower interest rates, suggesting a reduction of 3 percentage points would be beneficial for the economy [2][4]. - Current probabilities indicate a 96.9% chance that the Fed will maintain interest rates in July, with a 3.1% chance of a 25 basis point cut [4]. Trade Developments - President Trump announced plans to make a statement regarding drug tariffs soon, following a trade agreement with the EU [4]. - The largest gold ETF, SPDR Gold Trust, reported a decrease in holdings by 0.86 tons, bringing the total to 956.23 tons [4]. Technical Analysis - Gold prices have shown a downward trend, with a significant drop leading to a bearish outlook in the short term [7]. - The daily chart indicates a continuous decline over four trading days, suggesting a potential breakdown below the 60-day moving average [7]. - Suggested trading strategies include cautious short positions and specific entry points for both long and short trades [7].
金荣中国：特朗普再催美联储降息，金价再度走低维持偏空走势
Sou Hu Cai Jing·2025-07-29 01:29