Core Viewpoint - The article discusses the current state of gold and dollar prices, highlighting the struggle of gold prices to break the $3400 resistance level despite a weak dollar, and the potential market movements anticipated in early September due to upcoming economic data [1][10]. Gold Market Analysis - On Wednesday, the international spot gold price opened at $3392.39, reaching a high of $3398.61 and a low of $3373.51, closing at $3396.59, with a slight increase of $3.34 or 0.1% [1]. - Gold continues to show relative strength among precious metals, being the only one with a positive change, despite the overall lack of significant price movements [4][6]. - The market appears to be waiting for key economic data in early September, which may influence future price trends [4][6]. Dollar Index Analysis - The dollar index opened at 98.21, peaked at 98.73, and closed at 98.17, reflecting a decrease of 40 points or 0.04% [3]. - The dollar's technical indicators suggest a potential for a rebound, but caution is advised as the market may be in a phase of technical weakness [8][10]. - The current dollar index is below the 120-week and 250-week moving averages, indicating a weakened market condition compared to earlier in the year [10][11]. Technical Indicators - The article notes a "bottom divergence" in the dollar index, suggesting a potential bullish signal, but the rebound has been weak, failing to break the 20-week moving average resistance [9][10]. - The Bollinger Bands for the dollar index are tightening, indicating an imminent technical shift, but the direction remains uncertain [8][10]. - The dollar's current position suggests that even if a new bottom forms, it may not lead to a strong mid-term bullish trend as seen in previous years [10][11]. Implications for Precious Metals - A continued weak dollar could benefit gold and silver prices, potentially leading to increased inflationary pressures in the U.S. economy [13]. - The article suggests that a weak dollar may support the commodity market, but the balance between benefits and drawbacks remains a topic of debate [13].
威尔鑫点金·׀美元上下两难金价踟蹰关前 警惕技术温水煮熟看涨青蛙
Sou Hu Cai Jing·2025-08-28 09:09