Core Viewpoint - International gold prices rebounded and closed higher, indicating strengthened bullish momentum, with potential to reach $3250 or new highs if the closing remains above the mid-band resistance [1][3]. Price Movement - Gold opened at $3930.35 per ounce, dipped to a low of $3915.33, then rebounded to a high of $4026.81, ultimately closing at $4024.25, with a daily fluctuation of $111.48, a gain of $93.9, or 2.39% [3]. Influencing Factors - Despite Federal Reserve Chairman Powell suggesting that a rate cut in December is not guaranteed, which strengthened the dollar, the market returned to bullish buying as uncertainties remained, particularly after the recent U.S.-China meeting did not yield a "deal" [3]. - The end of the Fed's rate cut cycle and the conclusion of the U.S.-China talks have led to a reduction in adjustment pressure, allowing bullish sentiment to strengthen [3]. Market Outlook - On October 31, gold is expected to maintain a strong upward trend, supported by recent bullish patterns and reduced adjustment pressures, with a focus on upcoming data and speeches from key Federal Reserve officials [3].
美降息前景预期较高、金价又一波牛市蓄势待发
Sou Hu Cai Jing·2025-10-31 02:19