Workflow
美元走软助推国际金价沪金拉锯
Jin Tou Wang·2025-09-12 02:35

Core Viewpoint - The recent fluctuations in the US dollar have negatively impacted gold prices, with a notable correlation observed between the two, as the dollar's decline has provided external support for gold prices [3]. Group 1: Market Overview - As of September 12, gold futures are trading around 833.24 yuan per gram, with a slight decline of 0.02%, having reached a high of 833.60 yuan and a low of 826.64 yuan [1]. - The short-term outlook for gold futures appears to be oscillating [1]. Group 2: Economic Indicators - The US dollar index fell by 0.3% to 97.52, reversing all gains from the Asian and European trading sessions, primarily due to mixed US inflation data and a significant increase in initial jobless claims, which contributed to a dovish sentiment [3]. - The Consumer Price Index (CPI) data did not significantly alter the Federal Reserve's interest rate trajectory, with the market focusing more on employment weakness, which has put pressure on the dollar [3]. Group 3: Gold Price Dynamics - The weakening dollar has made gold, priced in dollars, more attractive to investors holding other currencies, which explains the rapid narrowing of gold's decline following the inflation data release [3]. - Key resistance levels for gold futures are identified between 840 yuan and 860 yuan per gram, while important support levels are between 799 yuan and 850 yuan per gram [4].