Group 1 - Gold prices are currently trading around $3315 per ounce, hovering near a two-week low due to a strong dollar, uncertainty in Federal Reserve policies, geopolitical signals, and macroeconomic data volatility [1][3] - On August 20, gold initially rose to a daily high of $3345.25 but ultimately closed down 0.52% at $3315.03, reflecting a reversal in market sentiment [3] - The increase in the dollar index by 0.15% to 98.27 has made gold more expensive for investors holding other currencies, thereby suppressing demand [3] Group 2 - UBS has raised its gold price target for March 2026 to $3600, citing ongoing macroeconomic risks in the U.S., a decline in dollar usage, and strong investment demand, suggesting that the recent drop in gold prices may be temporary [3] - Recent housing data showed a 5.2% increase in single-family home starts to 1.428 million units, driven by growth in apartment projects, although building permits fell by 2.8% to a five-year low of 1.35 million units, indicating mixed signals in the housing market [4] - The yield curve's steepening reflects rising inflation expectations, which is unfavorable for gold as higher yields attract funds to bonds rather than non-yielding assets [5] Group 3 - Technical analysis indicates that gold prices have broken below $3314, with immediate support seen at around $3306 and stronger support at $3291, while resistance is noted at approximately $3325 [6] - The market sentiment is cautious ahead of the Jackson Hole meeting, with investors hedging against potential hawkish signals from Fed Chair Jerome Powell [5]
金价短期缺乏上行动力 警惕下探3300关口支撑
Jin Tou Wang·2025-08-20 02:13