Core Viewpoint - The Federal Reserve's hawkish stance has significantly strengthened the US dollar, leading to a notable decline in gold prices, which hit a four-week low [1][4][6]. Group 1: Market Performance - On Wednesday, the international spot gold price opened at $3325.85, reaching a high of $3333.94 and a low of $3267.70, closing at $3275.29, down $51.09 or 1.54% [1]. - The US dollar index opened at 98.92 points, peaked at 99.97 points, and closed at 99.94 points, up 1040 points or 1.05%, marking a five-week high [3]. - The Wellxin precious metals index (gold, silver, palladium, platinum) opened at 7022.10 points, fell to a low of 6766.65 points, and closed at 6839.58 points, down 184.12 points or 2.62%, reaching a three-week low [4]. Group 2: Economic Data Impact - The US ADP employment data for July showed an increase of 104,000, exceeding expectations and the previous month's decline of 33,000 [11]. - The second quarter GDP growth was reported at 3.0%, significantly above the expected 2.4% and the previous quarter's decline of 0.5% [13]. - The real estate market indicators suggest a peak in the US housing cycle, with the May national home price index at 326.994 points, down from April's 327.899 points, indicating a slowdown in price growth [15]. Group 3: Technical Analysis - The dollar's strong upward movement has broken through quarterly resistance, while precious metals have seen significant declines, with gold prices confirming a breakdown below key support levels [6][19]. - The current market dynamics suggest that while the dollar is experiencing a bullish trend, gold prices are under pressure, indicating a potential for further declines if economic data continues to support the dollar [19][23]. - The gold price has tested the 23.6% Fibonacci retracement level of the previous bull market, indicating a critical support point that may influence future price movements [23].
威尔鑫点金·׀ 美联储鹰歌高昂力挺美元大涨 金价遭遇二重咒创四周新低
Sou Hu Cai Jing·2025-07-31 07:38