Core Viewpoint - The ongoing concerns regarding the independence of the Federal Reserve have increased demand for safe-haven assets like gold, leading to a rise in gold prices, which reached a five-week high [3]. Group 1: Market Performance - On August 29, gold prices fluctuated and were trading around $3,410, following a three-day increase, with a closing price of $3,417.07 per ounce, marking a 0.60% rise [1]. - Gold prices surpassed $3,400 per ounce on August 28, driven by declining U.S. dollar and Treasury yields, and reached a five-week high [3]. Group 2: Influencing Factors - President Trump's actions to influence monetary policy, including attempts to remove Federal Reserve Governor Cook, have raised concerns about the Fed's independence, contributing to the rise in gold prices [3]. - Cook has filed a lawsuit against Trump, claiming he lacks the authority to dismiss her, which has sparked a significant debate about the independence of the Federal Reserve [3]. Group 3: Market Predictions - Market strategist Daniel Pavilonis predicts that gold could rise to approximately $3,700 per ounce by the end of the year due to the current pressures on the Federal Reserve [3]. Group 4: Technical Analysis - The daily chart indicates that gold is maintaining a wide range of fluctuations, with K-line patterns showing a stable upward trend along short-term moving averages [3]. - On the hourly chart, there is a slight downward pressure on gold prices, suggesting potential adjustments in the short term [4]. - The four-hour chart shows that gold is currently in a high-level consolidation phase, with short-term moving averages indicating a slightly strong upward trend [5].
美元走软避险资金涌入 金价狂飙创五周新高
Jin Tou Wang·2025-08-29 03:08