Core Viewpoint - The international gold market is experiencing fluctuations, with a recent peak at $4,525.42, leading to profit-taking and a potential short-term correction. However, bullish sentiment remains due to liquidity recovery and expectations of interest rate cuts [1][10]. Market Overview - On December 24, gold prices reached a historical high before retreating, indicating a potential topping pattern. The market is expected to maintain a bullish outlook supported by anticipated interest rate cuts and recovering liquidity post-holiday [1][10]. - The dollar index showed signs of recovery but remains under pressure, suggesting limited impact on gold prices in the short term [1][10]. Future Projections - Predictions indicate that gold prices could rise by 27% in 2024 due to Federal Reserve rate cuts, with further increases expected in 2025 driven by geopolitical concerns and central bank purchases [3][12]. - The average forecast for gold prices in 2026 is between $4,500 and $4,700 per ounce, with potential to reach $5,000 if macroeconomic conditions remain stable [5][14]. Technical Analysis - Monthly charts indicate a strong rebound in gold prices, dispelling previous bearish patterns, with further upward potential anticipated [7][16]. - Weekly trends show increased bullish momentum, suggesting a target of $4,600 in the near term [7][16]. Trading Guidance - Current trading strategies suggest monitoring support levels around $4,480 and $4,460, with resistance at $4,507 and $4,540 for gold. For silver, support is noted at $71.80 and $71.30, with resistance at $74.00 and $75.30 [9][18].

Core Viewpoint - International silver prices are experiencing slight fluctuations, currently reported at $58.47 per ounce, with a minor increase of 0.06%, supported by a weakening US dollar and ongoing geopolitical concerns [1] Group 1: Market Conditions - The market widely anticipates a 25 basis point rate cut by the Federal Reserve next week, contributing to the decline of the US dollar index [1] - The 10-year US Treasury yield has retreated from a near two-week high of 4.116% to 4.079%, reflecting a decrease of approximately 0.27% [2] - The CME FedWatch tool estimates a 89% probability of a rate cut in December [1] Group 2: Geopolitical Factors - Ongoing tensions regarding the Ukraine situation persist, as Russian and US officials have failed to reach a compromise, particularly on territorial disputes [2] - The geopolitical climate continues to support silver prices amid investor concerns [1] Group 3: Silver Market Analysis - International silver remains strong, with recent trading showing resilience despite a previous drop to $56.6, closing around $58.5 [2] - The market is currently observing a high price range, with attention on the resistance level at $59 and support at $56.5 [2]