张尧浠：美联储降息预期升温、金价如期走强短期再看4250

Core Viewpoint - International gold prices have shown a strong rebound, breaking through recent resistance levels and indicating a bullish trend, with potential to reach $4,300 or higher in the near future [1][5]. Market Performance - On November 10, gold opened at $4,001.37 per ounce, recorded a low of $3,997.70, and eventually closed at $4,115.47, marking a daily increase of $114.1 or 2.85% [1]. - The daily trading range was $118.67, indicating significant volatility and bullish momentum [1]. Economic Indicators - Recent weak economic data, including a notable decline in consumer confidence, has reinforced expectations for a dovish monetary policy from the Federal Reserve, with a high likelihood of a rate cut in December [3][5]. - The Senate's progress on a bill to end the government shutdown has alleviated market uncertainties, further enhancing gold's appeal as a safe-haven asset [3]. Technical Analysis - The gold price has transitioned from resistance to support at the 30-day moving average and mid-line, suggesting a bullish outlook [3][10]. - Monthly and weekly charts indicate a potential upward trend, with expectations of reaching $4,300 or higher, despite some indications of selling pressure [7][8]. Future Outlook - The market anticipates that the upcoming economic data releases, particularly regarding the labor market and inflation, will be crucial for gold prices, with expectations of continued bullish sentiment [5][3]. - Analysts predict that gold may reach $5,000 in early next year, supported by ongoing economic uncertainties and central bank policies [5].