PCE is about to launch a “critical war”, and gold needs to cross this resistance to get out of trouble

The Federal Reserve's favorite inflation indicator is here, and the market's interest rate cut expectations will have to be reshuffled again? The key for gold bulls to regain control is...

Golden10 DataMay 31 04:18

Express News | CITIC Securities: Gold prices may still be expected after a short period of adjustment

BreakingsMay 30 19:41

Gold trading reminder: GDP data is dragging down the trend of US dollar and US bond yields, and gold prices will be tested by US PCE data

Gold prices closed slightly higher on Thursday. The US GDP data for the first quarter was lowered, dragging down the US dollar and US bond yields, helping the price of gold to rebound after hitting a three-week low and close at around 2342.83 US dollars/ounce. The focus will now shift to the personal consumption expenditure (PCE) price index announced on Friday. This is the Fed's preferred measure of inflation and may have a big impact on the timing of the Fed's interest rate cuts.

FX678 FinanceMay 30 19:14

Gold trading reminder: US dollar and US bond yields rise hand in hand, be wary of the risk of a sharp drop in gold prices

Gold prices fell nearly 1% on Wednesday to close at 2337.88 US dollars/ounce. The dollar strengthened to a two-week high, US Treasury yields rose to a four-week high, and hawkish statements from Federal Reserve officials dampened market sentiment. Market focus is shifting to US inflation data to be released later this week. From a technical perspective, the gold price is at risk of falling to the 2,300 mark in the future.

FX678 FinanceMay 29 18:57

Express News | Goldman Sachs: Maintaining a selective bullish attitude towards commodities. The price of gold is still expected to reach 2,700 US dollars per ounce by the end of the year, supported by strong demand from emerging market central banks and Asian households

BreakingsMay 29 18:37

UBS: Commodities are still expected to rise 10%, favoring oil and gold

UBS expects commodity prices to rise, and the total return on the commodity index over the next 6 to 12 months will be around 10%.

Zhitong FinanceMay 29 07:14