Fundamental Analysis - Gold prices experienced a slight rebound, currently trading around $3980 after a significant drop from a historical high of $4059.05, with a nearly 2% decline on October 9, closing at approximately $3976 [1] - The decline in gold prices was driven by a strengthening US dollar and a temporary easing of tensions in the Middle East, particularly following a ceasefire agreement between Israel and Hamas, which diminished gold's appeal as a geopolitical safe-haven asset [1][4] - Silver also fell from its historical high of $51.22, closing at $49.23, as the strong dollar made dollar-denominated gold more expensive for overseas buyers [1] - The US bond market's fluctuations added pressure to the gold market, with the 10-year Treasury yield rising to 4.148% and the 30-year yield to 4.732%, indicating market expectations of an average inflation rate of about 2.4% over the next decade [3] - The US stock market's pullback, with the Dow Jones Industrial Average dropping 0.52%, reflected investor caution ahead of the earnings season and ongoing government shutdown, leading to profit-taking rather than new investments [3] Technical Analysis - The daily chart indicates that gold prices recorded a high close, suggesting a potential short-term correction, with the $4000 level being a critical point to watch [6] - Short-term trading strategies suggest considering short positions around $4020 with a stop loss at $4026 and targets near $3990/3950, while aggressive long positions could be attempted around $3950 with a stop loss at $3944 and targets near $3975/3995 [7] Market Outlook - Despite the recent short-term pullback, the long-term bullish outlook for gold remains intact, supported by factors such as the Federal Reserve's monetary policy and risks associated with the government shutdown [5]
金荣中国：现货黄金小幅反弹收复隔夜部分跌幅，目前暂交投于3980美元附近
Sou Hu Cai Jing·2025-10-10 06:15