沪金站上932多重利好共振挑战1020

Core Viewpoint - The recent increase in gold futures prices is driven by multiple factors including changes in Federal Reserve policy expectations, alleviation of the U.S. government shutdown crisis, ongoing central bank gold purchases, and a resurgence in safe-haven demand [1][3][4]. Market Analysis - As of November 10, gold futures are trading around 932.56 CNY per gram, with a rise of 1.63%, reaching a high of 932.72 CNY and a low of 916.28 CNY [1]. - The Shanghai gold futures market has seen a strong upward trend, ending a recent adjustment phase with nearly a 2% increase [1]. Central Bank Actions - The People's Bank of China reported a gold reserve of 2,304.46 tons at the end of October, marking an increase of 0.93 tons and continuing a 12-month streak of gold accumulation [4]. - The ongoing gold purchases by the central bank are expected to provide long-term support for precious metal prices, influenced by global monetary expansion and de-dollarization trends [4]. Geopolitical and Economic Factors - Market focus includes developments in the Russia-Ukraine situation, fluctuating expectations for a December interest rate cut, and a general easing in U.S.-China trade relations [4]. - Long-term driving factors for gold prices include geopolitical tensions and monetary settlement dynamics [4]. Technical Analysis - The current technical outlook for Shanghai gold futures indicates a short-term bullish cycle, with key resistance levels between 931-1,020 CNY per gram and important support levels at 903-950 CNY per gram [5]. - The market is expected to maintain a volatile upward trend due to rising safe-haven sentiment and fluctuating U.S. dollar performance [5].