Core Viewpoint - The expectation for interest rate cuts by the Federal Reserve in the coming year has increased, contributing to a bullish outlook for gold prices [1][4]. Market Performance - On December 18, gold opened at $4,337.99 per ounce, fluctuated throughout the day, reaching a low of $4,308.66 and a high of $4,374.14, ultimately closing at $4,332.42, down $5.57 or 0.13% [3]. - The price movements were influenced by a stronger US dollar and the release of lower-than-expected US CPI data, which raised expectations for interest rate cuts [3][4]. Future Outlook - For December 19, gold is expected to continue weakly due to recent adjustment pressures and a recovering dollar index, but it remains in an upward trend [4]. - Key support levels to watch are around $4,320 and $4,300, while resistance levels are at $4,360 and $4,380 [11]. Long-term Projections - Over the next year, gold prices are projected to trend upwards, with a target of $5,000, supported by factors such as a softening job market and ongoing geopolitical tensions [6][8]. - The technical analysis indicates that while gold has faced resistance near historical highs, the likelihood of breaking through these levels remains strong [10].
张尧浠：美联储次年降息预期升温、金价前景仍是看涨上行
Sou Hu Cai Jing·2025-12-19 01:09