Core Viewpoint - The market is experiencing a mixed trend ahead of key U.S. economic data releases, with the dollar stabilizing and gold supported by a dovish tone from the Federal Reserve and ongoing geopolitical uncertainties [1][3][5]. Group 1: U.S. Economic Data - Investors are focused on the upcoming U.S. economic indicators, including September retail sales, producer price index (PPI), November consumer confidence index, and weekly private sector employment data [1][6]. - The delay in key employment data has sparked discussions about potentially postponing the Federal Reserve's December meeting [4][7]. Group 2: Federal Reserve's Dovish Tone - Several Federal Reserve officials have reinforced a dovish outlook, with expectations for a 25 basis point rate cut in December rising to approximately 80% according to CME FedWatch [3][4]. - The dovish signals from the Fed have contributed to a pause in the dollar's recent strength and have supported gold's upward momentum [3][5]. Group 3: Gold Market Dynamics - Gold prices have remained elevated, trading just below $4,150, supported by the Fed's dovish stance and geopolitical uncertainties, including recent conflicts in Ukraine and the Middle East [5][6]. - The combination of safe-haven demand and policy expectations continues to bolster gold's position in the market [5][7]. Group 4: Market Sentiment and Volatility - The uncertainty surrounding the timing of the Federal Reserve's meeting due to delayed data increases short-term policy sensitivity and market volatility [4][6][7]. - Geopolitical tensions remain a significant variable affecting demand for safe-haven assets like gold [6][7].
【UNforex财经事件】美元整理 黄金坚挺 数据空档期加剧政策不确定性
Sou Hu Cai Jing·2025-11-25 09:37