Core Viewpoint - The price of gold is experiencing upward momentum due to market expectations of further interest rate cuts by the Federal Reserve and economic concerns stemming from the U.S. government shutdown [1][2][3]. Group 1: Market Sentiment and Economic Concerns - Optimistic market sentiment and a slight increase in the dollar have not diminished the bullish trend for gold [2]. - Concerns regarding the economic impact of the longest government shutdown in U.S. history are key factors supporting demand for safe-haven assets like gold [2][3]. - The Senate reached a compromise to advance a bill aimed at ending the government shutdown, which began on October 1 [3]. Group 2: Federal Reserve Policy Expectations - Market expectations indicate a greater than 60% probability that the Federal Reserve will cut interest rates again in December [3]. - This dovish stance from the Fed is likely to limit the dollar's appeal, benefiting gold prices [3]. Group 3: Technical Analysis of Gold Prices - Gold is currently consolidating below the key resistance level of $4155-$4160, preparing for the next upward move [4]. - The XAU/USD pair appears to be stabilizing above the 50% retracement level of a significant pullback since reaching historical highs in October [6]. - A breakthrough above the $4155-$4160 range could confirm a bullish trend, with potential to reach the $4200 mark, which is close to the 61.8% Fibonacci retracement level [6]. - Key support levels are identified at $4115, $4100, and $4075, which may prevent short-term declines [6].
STARTRADER:黄金维持在三周高点附近,降息押注抵消美元小幅走强
Sou Hu Cai Jing·2025-11-11 09:49