张尧浠：美联储降息预期持续升温、金价多头仍蓄力待发

Core Viewpoint - The expectation for the Federal Reserve to cut interest rates in December is rising, which is supporting the bullish sentiment in gold prices despite some short-term fluctuations [1][3][4]. Market Performance - On November 25, international gold prices fluctuated, opening at $4134.54 per ounce and trading within a range of $4120 to $4152, ultimately closing at $4130.55, down $3.99 or 0.0975% [1][3]. - The day saw a trading range of $49.19, with a low of $4109.87 and a high of $4159.06 [1]. Economic Indicators - Weak retail sales data and persistent inflation pressures are contributing to the potential upward movement in gold prices [4]. - Upcoming economic data, including initial jobless claims and durable goods orders, are expected to create volatility in gold prices, with a focus on the Federal Reserve's Beige Book report indicating economic weakness [6]. Technical Analysis - Gold prices have not broken below the 10-week moving average, indicating a potential for a rebound, with expectations of reaching $4300 in the near term [9]. - The daily chart shows gold maintaining support above the 30-day moving average, with bullish sentiment prevailing [11]. Future Outlook - The market anticipates a dovish outlook from the Federal Reserve, which could further support gold prices, suggesting that any short-term pullbacks may present buying opportunities [7][9]. - Historical trends indicate that corrections during rate-cutting cycles often lead to favorable entry points for investors [7].