RadexMarkets瑞德克斯:通胀降温推升贵金属

Group 1 - The core viewpoint of the articles indicates that the precious metals market has rebounded significantly following the release of inflation data, with gold prices reaching a two-month high, reflecting a shift in market sentiment [1][5]. - Inflation data for December showed a year-on-year increase of 2.7%, the lowest level in several months, which was below market expectations of 2.9% to 3.1% [2][6]. - The core inflation rate, excluding food and energy, was reported at 2.6%, indicating a more significant decline than anticipated, reinforcing the view that inflationary pressures are easing [2][6]. Group 2 - The market structure for gold prices is primarily formed through spot and futures mechanisms, with increased trading activity in the futures market during the year-end period [3][7]. - February gold futures rose by $28.20 to around $4,400, maintaining a crucial psychological level, while March silver futures fell to approximately $66.25 but remained within a high range, indicating no substantial change in the medium-term trend [1][5]. - The technical outlook for February gold futures remains strong, with a key resistance level at $4,433 and support around $4,200, while silver shows a bullish structure with resistance at $70.00 and support near $60.00 [3][7]. Group 3 - The combination of falling inflation, declining yields, and a weakening dollar creates a favorable environment for precious metals [4][8]. - The market is expected to maintain a strong upward trend for gold and silver, with short-term fluctuations likely to continue, but overall sentiment remains bullish as long as key support levels are not breached [4][8].