【UNFX财经事件】风险情绪改善带动金价回落 市场在关键数据前维持谨慎

Core Viewpoint - Gold prices are maintaining a weak consolidation below $4200, influenced by improved risk appetite and a stabilizing dollar, while market participants remain cautious ahead of key inflation data [1][4]. Group 1: Market Sentiment and Economic Indicators - The market sentiment has turned positive with European and US stock markets stabilizing, which has put pressure on gold prices [1]. - Expectations for a 25 basis point rate cut by the Federal Reserve in December have increased, limiting the rebound potential of the dollar [2]. - Recent economic data, including a decrease of 32,000 in ADP employment numbers, has reinforced the belief that the Fed will continue its accommodative stance [2]. Group 2: Technical Analysis - The critical support level for gold is identified at the $4164-$4163 range; a break below this could push prices towards $4100 and $4085 [3]. - Resistance remains at the $4245-$4250 range; a sustained move above this level could open up the potential for prices to reach $4277-$4278 and possibly approach the $4300 mark [3]. Group 3: Key Drivers and Upcoming Data - The upcoming PCE inflation data and initial jobless claims are highlighted as crucial indicators that will influence market direction and the Fed's rate cut expectations [5]. - The geopolitical situation, particularly the ongoing Russia-Ukraine conflict, continues to provide a buffer for gold prices despite a reduction in risk aversion [2][5].