Spot gold prices are experiencing a slight decline1190dollar/Around ounces

Huitong Network11month29Daily News - Tuesday（11month29Japanese Asian market, spot marketgoldPrice is slightly decreasing1190dollar/Quickly rise around ounces. At present, the gold price has fully compensated for the intraday decline and returned to a flat position1193.35dollar/ounce.

fx678It is believed that the decline in US bond yields has become an important driving force supporting the rebound of gold prices. As of press time, United States2Yields of one-year treasury bond bonds declined0.72%reach1.103%Near.

On Tuesday during the Americas session, the US side will announce the third quarterGDPSecondary estimated value. Huitong.com predicts that this value is expected to strengthen, and the US economy will remain on an upward trajectory.

In addition, officials from the Federal Reserve will also give speeches one after another in the near future, although the market's expectations for the Fed's interest rate hike are close to expectations100%However, their speeches undoubtedly have the potential to have a significant impact on the market.
Gold price1190dollar/Strong support near ounces, focus on the third quarter of the United StatesGDPdata

technical analysis

High gear pressure is located at1200(integer threshold) and1215（11month23Daily high point). Low level support is seen in1186.70（5Daily moving average and1171（11month25Daily low point).

Spot gold  http://quote.fx678.com/symbol/XAU