This Week's Gold Market Review

Hello everyone! Today i want to share some macro analysis with you!

This week's gold market review

Gold prices hit record highs for six consecutive trading days last week, driven by the Federal Reserve's increased easing efforts, the attractiveness of gold as a safe-haven asset increased. Gold opened at US$2,620.93 per ounce at the beginning of the week, and then the North American market pushed the gold price to break through US$2,634 per ounce, and the Asian market further pushed it up to US$2,638. By Wednesday, the gold price rose quickly to US$2,663 per ounce and then continued to move higher to US$2,670. However, the gold price retreated after touching US$2,685 per ounce on Thursday and fell further below US$2,650 on Friday, but rebounded at the close.

Market Focus Outlook

Looking ahead, the market will be closely watching the upcoming US non-farm payrolls report next Friday, with other key economic data including Europe's CPI, the US ISM manufacturing PMI and ADP employment data. Federal Reserve Chairman Jerome Powell will be speaking at the annual meeting of the National Association for Business Economics, which will also be one of the market's focuses. Elections and heightened geopolitical risks, especially in the Middle East and Ukraine, will continue to provide support for gold. In addition, U.S. inflation trends and the Federal Reserve's interest rate policy will also influence gold's medium- to long-term trend. Investors should be wary of possible volatility in global markets, especially in the coming weeks when the gold market may face more uncertainty with the release of key economic data and changes in the political situation.

Overall, while the gold market may experience volatility in the short term, the safe-haven attribute of gold remains a key factor supporting its price rise in the long term. $Gold - main 2412(GCmain)$ $XAU/USD(XAUUSD.FOREX)$

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