张尧浠：不定因素担忧不断累积、金价前景仍以看涨为主

Core Viewpoint - The outlook for gold prices remains bullish despite ongoing uncertainties, with potential for long-term gains driven by geopolitical risks and monetary policy shifts [1][5][7]. Market Performance - On August 26, gold opened at $3365.68 per ounce, dipped to a low of $3351.20, and rebounded to a high of $3393.49, closing at $3393.43, marking a daily increase of $27.75 or 0.82% [1][3]. - The trading range for gold was noted to be between $3370 and $3380, with significant volatility influenced by U.S. political developments and trade tensions [3][5]. Technical Analysis - Gold prices are currently supported by the 60-day and 100-day moving averages, indicating a bullish trend despite short-term resistance [1][9]. - Historical patterns suggest that after a period of consolidation, gold prices are likely to rise again, with potential support levels identified at $3270 and $3220 [7][9]. Economic Indicators - Recent comments from Federal Reserve Chairman Jerome Powell hint at possible policy adjustments, reinforcing market expectations for interest rate cuts, which are generally favorable for gold [5]. - The potential for increased tariffs and trade tensions under the Trump administration adds to the uncertainty, further supporting gold as a safe-haven asset [5][10]. Long-term Outlook - The long-term forecast for gold suggests a possibility of reaching historical highs around $4200 within the next year, driven by economic recession risks and ongoing geopolitical tensions [5][7].