Spot gold: fluctuating upward, buy on dips

智通财经2026/08/31 02:21

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(1) Analysis reasoning: US Federal Reserve Chair Kevin Walsh released a hawkish signal, leading the market to significantly raise expectations for a rate hike in September. A stronger US dollar has put short-term pressure on gold. However, rising tensions between the US and Iran, along with market concerns over fiscal risks and safe-haven assets, mean that on a technical level gold prices are still in a post-breakout adjustment phase. In the short term, prices have not yet fallen below medium-term bullish support, so it is mainly a wait-and-see for stabilization. (2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation. (3) Resistance: 4600, 4650, 4700. (4) Support: 4550, 4520, 4500.

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智通财经•2026/08/31 03:16

Is the 60% interest rate hike expectation just wishful thinking? Goldman Sachs throws cold water: The Federal Reserve’s baseline is still to stand pat

Goldman Sachs is betting that Waller's hawkish rhetoric will not be confirmed by hawkish data, and therefore still maintains a pause by the Federal Reserve as its baseline forecast.

智通财经•2026/08/31 03:16

Is the 60% interest rate hike expectation just wishful thinking? Goldman Sachs throws cold water: The Federal Reserve’s baseline is still to stand pat

Spot gold has just broken through the $4,420.00/oz mark, now quoted at $4,420.08/oz, down 0.77% on the day; COMEX gold futures main contract is now at $4,469.70/oz, down 1.33% on the day.

智通财经•2026/08/31 03:06