张尧浠：鲍威尔强化降息预期、金价后市看涨动力加大

Core Viewpoint - The article emphasizes that the expectation of interest rate cuts by the Federal Reserve, reinforced by Powell's statements, is likely to drive gold prices higher in the future [1][5]. Market Performance - Gold prices opened at $3,336.80 per ounce at the beginning of the week, experienced a low of $3,311.56 on Wednesday, and closed at $3,371.62, marking a weekly increase of $34.82 or 1.04% [3][5]. - The weekly trading range for gold was $66.8, indicating volatility in the market [3]. Influencing Factors - Powell's remarks at the Jackson Hole symposium have strengthened market expectations for a rate cut in September, despite acknowledging risks in the job market and persistent inflation pressures [5][6]. - The potential for increased tariffs on furniture products by Trump and ongoing uncertainties surrounding the Russia-Ukraine peace talks are also seen as supportive factors for gold prices [1][5]. Future Outlook - The article suggests that gold is expected to maintain a bullish trend over the next year, with potential to reach historical highs around $4,200 per ounce, despite current fluctuations within the $3,200 to $3,440 range [6][8]. - The likelihood of two rate cuts by the Federal Reserve this year and a more dovish monetary policy in the coming year are anticipated to further support gold prices [5][6]. Technical Analysis - The gold price has recently tested the 100-day moving average support and is expected to continue its upward trajectory following this adjustment [10]. - Key support levels to watch include $3,270 and $3,220, while resistance levels are identified at $3,386 and $3,400 [10].