CPT Markets：FEDThe prospect of long-term interest rate hikes has caused gold prices to fluctuate! Follow this week...

gold/dollar (XAUUSD)：

Gold closed slightly higher against the US dollar last Friday and consolidated1925.26Nearby, spot gold prices slightly increased. As the US dollar shifts from6The high point of the month has dropped, and gold prices have eased somewhat. Despite the hawkish stance taken by the Federal Reserve, the prospect of long-term interest rate hikes shows a weak outlook. Gold's performance this week has also been relatively flat, as concerns about rising interest rates have intensified, leading to a sideways trend in gold prices.

In terms of positive factors

1. Strong global demand for gold: Global demand for gold remains high, with former Eastern European countries such as Russia, Arab countries, Singapore, Poland, and Hungary all purchasing gold. Gold holds greater importance in non Western countries. In the past20In the middle of the year, China and India, the world's two largest gold consumers, imported35000Tons of gold.

2. U.S.A9Monthly service industryPMIWeak Data: Analysts at S&P Global Market IntelligenceSian Jonesexpress,9OfPMIThe data has intensified market concerns about the demand situation of the US economy after interest rate hikes and rising inflation. Although the overall output index is still higher than50.0At the Great Pass, but only in some cases, the overall activity experienced widespread stagnation for the second consecutive month. The service industry has further lost momentum and the contraction of new orders has accelerated.

In terms of bearish factors

1. Resilience of the US economy and sustained decline in core inflation: Last Wednesday at the Federal ReserveFedAfter the announcement of monetary policy, the market remains uncertain about the peak interest rate. Due to the resilience of the US economy, recent market research companies haveMarkitpublish9Monthly manufacturing industryPMIHigher than expected to48.9This has led to market expectations of another rate hike by the Federal Reserve, limiting the upward space for precious metals. Due to the continuous decline in core inflation, gold also appears to have some fluctuations.

2. All three major US stock markets rose: As of press release, S&P500Index rise0.4%The Dow Jones Industrial Average rose51Click to0.2%And the Nasdaq Composite Index rose0.8%。

Press from above(Upper resistance) 1925.20，1927.40； From the downward direction, the lower support1923.80。

CPT MarketsRisk Tips and Disclaimers : The above article content is for reference only and is not intended as future investment advice.CPT Markets The articles published are mainly based on international financial data reports and international news as reference.