Spot gold: range-bound fluctuations, sell on rallies, buy on dips
智通财经2026/09/09 01:56Show original
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(1) Analysis reason: Gold price has fallen back to around $4,350, oil price gains have once again fueled inflation expectations, and strong employment data has pushed up the probability of a Federal Reserve rate hike in September to about 60%. Pressure from the US dollar and Treasury yields limits gold's performance. However, Middle East risks still provide safe-haven support. If US PPI and CPI come in lower than expected, gold prices may gain rebound momentum. In the short term, the price has not yet broken below the oscillation range, so wait for stabilization. (2) Key factors to watch: US Treasury yields, US dollar index, geopolitical situation, US CPI (3) Resistance: 4,400, 4,430, 4,460 (4) Support: 4,350, 4,320, 4,300;
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