张尧浠：鹰派预期施压金价走低、震荡调整后仍待上攀升

Core Viewpoint - The article discusses the recent fluctuations in gold prices, influenced by hawkish expectations from the Federal Reserve and geopolitical factors, particularly the Russia-Ukraine conflict, which has reduced the safe-haven demand for gold [3][5]. Market Performance - On August 19, international gold opened at $3333.21 per ounce, initially rising to a high of $3345.31 before falling to a low of $3314.89, ultimately closing at $3315.54, marking a daily decline of $17.67 or 0.53% [1]. - The market is currently experiencing a weak performance due to a strengthening dollar and reduced safe-haven demand, with gold prices under pressure ahead of Fed Chair Powell's upcoming speech [3][5]. Future Outlook - Despite the current downward trend, the overall outlook for the next year remains bullish, with expectations of potential price increases after a period of consolidation [5]. - The article highlights that the recent tariff agreements and potential increases in semiconductor tariffs could support gold prices, alongside favorable economic data suggesting possible rate cuts by the Federal Reserve [6]. Technical Analysis - The gold price has been fluctuating within a range of $3200 to $3440, with key support levels identified at $3270 and $3200, which could present buying opportunities [8][10]. - The article notes that the gold price is currently below key moving averages, indicating a bearish trend, but suggests that a rebound may occur upon reaching the 100-day moving average support [10]. Price Levels - Key support levels for gold are identified at $3311 and $3275, while resistance levels are at $3327 and $3340 [11].