张尧浠:金价再刷历史高点 后市前景仍具上涨空间

Core Viewpoint - International gold prices surged due to escalating geopolitical tensions and uncertainties surrounding the Trump administration's criminal investigation into Federal Reserve Chairman Jerome Powell, raising concerns about the Fed's independence and the long-term outlook for the dollar [1][8]. Price Movement - Gold opened at $4,516.02 per ounce, recorded a low of $4,512.88, and later reached a high of $4,629.86 before closing at $4,597.28, marking a daily increase of $87.33 or 1.94% from the previous close of $4,509.95 [3][10]. - The price volatility for the day was $119.91, indicating strong market activity [10]. Market Outlook - The gold market is expected to continue its upward trend, with a focus on buying on dips. The upcoming U.S. core CPI data is anticipated to influence gold prices, with expectations of a potential rise in inflation leading to increased gold demand [3][12]. - The market is currently predicting two or more rate cuts by the Federal Reserve later this year, which supports a bullish outlook for gold [5][12]. Technical Analysis - On a monthly basis, gold prices have shown strong performance, recovering from previous declines and breaking new highs, which suggests a potential bull market with expectations of prices reaching between $5,500 and $6,000 [5][12]. - Weekly trends indicate that gold has regained lost ground and is positioned above key moving averages, reinforcing a bullish outlook [7][14]. Support and Resistance Levels - Key support levels for gold are identified at $4,570 and $4,530, while resistance levels are noted at $4,640 and $4,675 [15]. - For silver, support is seen at $83.00 and $81.35, with resistance at $85.60 and $87.00 [15].