全球政策分化助沪金跳空高开

Core Viewpoint - The Federal Reserve's decision has positively impacted gold prices, reinforcing its long-term support foundation, leading to a significant increase in trading volume for gold futures contracts [1]. Group 1: Federal Reserve and Global Central Bank Policies - The ongoing interest rate cuts by the Federal Reserve have created a divergence in policy directions among major global central banks, enhancing the relative attractiveness of dollar assets and gold [3]. - European Central Bank Executive Board member Schnabel indicated that if eurozone inflation remains sticky, an interest rate hike may be initiated instead of a cut [3]. - The Reserve Bank of Australia has maintained its interest rates steady for two consecutive meetings, ruling out further easing [3]. - The Bank of Japan continues its accommodative stance but has delayed its planned interest rate hike originally set for the end of 2025, indicating a slower policy shift than expected [3]. Group 2: Gold Market Analysis - The main gold futures contract has stabilized above the critical support level of 950 yuan per gram, forming an upward channel on the daily chart [4]. - The MACD indicator shows a bullish crossover, and short-term moving averages are aligned positively, maintaining a strong technical outlook for gold [4]. - Resistance is noted at the psychological level of 960 yuan per gram, with a potential breakout opening further upward space; support is identified around 945 yuan per gram, with a drop below this level possibly triggering a correction [4]. - Trading volume has increased moderately, reflecting a bullish market sentiment, although caution is advised regarding potential volatility from fluctuating Federal Reserve policy expectations [4].