This week will usher in a super week of market volatility. First, the large and small non-farm data will be released, then the testimony of Federal Reserve Chairman Powell at the Senate meeting, and then the US PMI data will be released. Reference, so it is bound to cause a big swing, everyone should pay attention to the orientation of the news.The impact of the US election on the US stock indexIn the second half of the year, the impact of election news on the stock market will increase. Since the first televised debate between Trump and Biden, the general election situation has undergone subtle changes. This change comes from the internal situation of the two parties in the United States. Compared with the 2020 general election, the Republican Party is actually not very united. Although T

Overview: The international gold prices have been on a remarkable upswing this year, frequently hitting historic highs. As some investors miss out on the gold rally, their attention is shifting to the relatively cheaper silver. This has propelled silver to outperform gold in terms of price gains. Silver's smaller market size compared to gold makes it more susceptible to speculative price swings. Analysts suggest that several fundamental factors could drive further increases in silver prices. Precious Metals Performance: Silver Outshines Gold Since the start of 2024, precious metals and commodities have experienced significant gains. While gold has repeatedly set new records, it is silver that has posted the most impressive performance. By June 6, COMEX gold futures for August delivery wer

Silver continued to pull back after starting a wave of strong gains in May. Although there have been some fluctuations in the past 3-4 weeks, the overall downward correction trend is very obvious. In particular, it should be noted that during this process, the pull-up-fast shipment mode and the upper shadow line on the weekly line all indicate that the current selling pressure is not over yet.Judging from the weekly silver line, only one week closed up in the past five weeks, and there was also a relatively obvious upper shadow line that week. In the other 4 weeks, half is a real negative line with a drop of 2-3%, and the other half is also a bearish mode. Although the corresponding gold is also a rebound and selling behavior, there is still a positive line supporting the scene on the week

Hello everyone! Today i want to share some macro analysis with you!1.June 26:In the Asian market, $XAU/USD(XAUUSD.FOREX)$ continued to exert its strength, reaching a minimum of around 2310.55, maintaining a downward trend, what does this mean? Buyers began to sell gold frantically, causing gold to fall!The technical trend, which successfully broke through the 2318 support yesterday, has explained everything. H1 trend: XAUUSD is currently running in a downward channel, and the downward momentum will continue. Today's trading will continue to focus on selling orders, and follow the trend. At present, there has been a rebound. You can choose to rebound to around 2322 and continue to enter the selling order. It has successfully broken through

Overview Gold prices $XAU/USD(XAUUSD.FOREX)$   have experienced a slight decline as investors turn their attention to upcoming U.S. economic indicators that could influence the Federal Reserve’s interest rate decisions. Spot gold dipped by 0.2% to $2,327.52 per ounce, and U.S. gold futures mirrored this trend, falling to $2,339.90. This movement follows a notable sell-off last Friday, where gold dropped over 1% amid a surge in the U.S. dollar, driven by improved business activity and employment data. Key Factors Impacting Gold Prices Technical Signals and Short-Term Bearish Sentiment According to Kelvin Wong, a senior market analyst at OANDA, technical indicators for gold in the short-term are currently not favorable. Last Frida

Expectations and timing changes about the Fed's interest rate cuts have become the main factors for recent market fluctuations, and related core US data have also attracted wide attention. Interestingly, although the risk appetite has not improved significantly, the US stock market, gold and Bitcoin have recently shown a certain degree of divergence.Gold's Second BottomGold refreshed its previous high in May, but then there was a continuous decline. Although it rebounded due to the rapid development of silver, our previous content also predicted a possible rebound and then a fall. The previous round of adjustment lows at 2285 may still be used as the target of short sellers, thus forming a platform model, followed by a new wave of rising prices.Although the point is not far away, this does

Overview Gold prices have shown a slight decline at the start of the week as the market anticipates upcoming U.S. economic data and further guidance from the Federal Reserve on interest rates. After a significant uptick on Friday, spot gold eased by 0.5% to $2,321.11 per ounce by early Monday trading, while U.S. gold futures dipped 0.6% to $2,335.30. The recent stabilization in inflation has bolstered hopes for a rate cut by the Fed later in the year, influencing gold's price movements. Gold's Brief Decline Following Friday's Surge Unwinding Friday’s Gains Monday's drop in gold prices appears to be a correction following the 1% rise seen on Friday. Kyle Rodda, a financial market analyst at Capital.com, notes that this minor retreat is likely a natural pullback after last week’s gains, whi

Overview As U.S. inflation shows signs of easing, the market's anticipation of a potential interest rate cut by the Federal Reserve has increased, leading to a significant rise in gold prices. Over the past week, spot gold has surged by more than 1%, reflecting renewed investor interest in the precious metal. This report delves into the recent movements in gold prices, examines the factors driving these changes, and provides an outlook on future trends. Gold Prices Rally on Rate Cut Hopes On Friday, spot gold prices climbed by 1.25%, reaching $2,332.55 per ounce. In contrast, gold futures closed down by 1.3%, settling at $2,349.10 per ounce. This disparity between spot and futures prices highlights the dynamic nature of gold trading and investor sentiment in the current market. According

Overnight, the much-anticipated Federal Reserve's June interest rate meeting debuted. The Federal Reserve announced in the early hours of June 13, 2024, Beijing time that it would continue to maintain the target range for Federal Funds rate between 5.25% and 5.50%.This is the seventh consecutive time rates have been kept unchanged since September last year.The Fed's decision was in line with market expectations.Since March 2022, the Federal Reserve has conducted 11 rate hike, ranging from 25 basis points at the beginning to 50 basis points later, and 75 basis points for 4 consecutive times. After the subsequent rate hike gradually slowed down, so far rate hike has been suspended 7 times in a row, choosing to stay on hold. The market generally expects the Fed's next move to cut interest rat

In recent months, the commodities market has been buzzing louder than a beehive at a honey convention, with gold, silver, and copper prices climbing to impressive heights. Let's dive into the factors behind these trends and explore whether this rally has legs to stand on or if it's just a fleeting fancy. Gold's Resilient Rally Amid Market Volatility
 The Golden Standard: Still the Shiny Showstopper? Gold has long been the go-to safe-haven asset, and its recent performance confirms its lasting appeal. As of June 12, 2024, gold futures for August delivery are trading at ₹71,594 per 10 grams on the Multi Commodity Exchange (MCX). In the international market, spot gold is hovering slightly above $2,300 per ounce, marking a 12% increase year-to-date, though it's still 6% below its record high.

After the release of thenon-farm data in the United States, it caused large fluctuations in the market. Let's talk about the data itself first. Before the release of the data, there was a usually inconspicuous data, which was the data on China's gold reserves. Since China has continued to increase its gold holdings in the past 18 months, the market before the release of the data It is not believed that the data has changed too much, but the result is that China did not increase its holdings of gold in May. After the release of the data, the price of gold plummeted. After the release of the unexpected non-farm data, the market's expectations for the Fed's interest rate cut fell again, making other commodities begin correction accordingly.The impact on precious metalsChina's gold reserves no

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Hello everyone! Today i want to share some macro analysis with you!1. $XAU/USD(XAUUSD.FOREX)$ $Gold - main 2408(GCmain)$ The Federal Reserve's interest rate swaps show that the Fed will accelerate the pace of interest rate cuts in 2024. Nick Timiraos, the "Federal Reserve mouthpiece": The imbalance in the U.S. labor market continues to ease. Job vacancies fell below 8.1 million in April, and the job vacancy-to-unemployment ratio fell to 1.24, reaching the level of October 2019.Image2.Trading day Tuesday (June 4): International gold/London gold fell back after encountering resistance, and still fluctuated under pressure below the middle track. Therefore, before breaking through the middle track

Overview: Recent data from the United States indicating an economic slowdown has influenced investor sentiment, leading to a decrease in gold prices. With heightened expectations that the Federal Reserve may need to cut interest rates sooner than anticipated, the demand for safe-haven assets like gold has decreased. This report delves into the factors affecting gold prices and provides an outlook on future movements. Economic Data and Gold Prices U.S. Economic Data Impact Recent reports from the U.S. Department of Labor revealed that job vacancies in April show signs of a slowing job market. Additionally, revised figures for April's durable goods orders indicated a month-over-month growth of 0.6%, slightly lower than the previous 0.7% increase. These data points have heightened concerns

Overview Gold prices rallied 1% on Tuesday, June 4, 2024, as signs of a weakening US economy fueled expectations of an interest rate cut by the Federal Reserve. Key Points  * US economic indicators: Mixed data, with retail sales holding steady but heavy truck sales and services suggesting a slowdown.  * ISM manufacturing activity index: Declined for the second consecutive month, signaling a cooling economy.  * Construction spending: Unexpectedly fell for the second straight month.  * Dollar and bond yields: Declined, making gold more attractive as an investment.  * Market expectations: Traders see a 59% chance of a Fed rate cut in September. Outlook and Insights Gold's upward trend is likely to continue in the long term, driven by factors such as geopolitical tensi

Overview Gold prices have demonstrated significant resilience and upward momentum in recent months, driven by growing economic uncertainties and increasing demand for safe-haven assets. This report examines the latest trends in gold prices, factors influencing the market, and insights into future movements based on recent data from the World Gold Council and other sources. Top Global Gold Reserves The World Gold Council recently released the latest rankings for gold reserves in the first quarter of 2024. The top three countries holding the largest gold reserves are the United States, Germany, and Italy. Specifically, the United States leads with 8,133.46 metric tons of gold, valued at approximately $579 billion. Germany follows with 3,352.65 metric tons (about $238.6 billion), and Italy h