Weekly

Gold prices hit a new high three times in a month, and the bull market soared. Gold ushered in 2024 a complete first quarter performance, in March 4 weeks, 3 weeks brush out a record high, although each time a new high after the shock, but each time not more than two trading days, then climb up again, the trend is exciting, I am afraid it is difficult to get on the wrong car. Last week, the market began to enter the Easter holiday, but did not reduce the market investment atmosphere, in the prospect of global interest rate reduction period approaching, all asset prices have entered the hot speculation period, in the virtual currency first burst and the Swiss National Bank unexpectedly cut interest rates early, it can be said that this hot market again play on the rolling oil, funds take turns to stir behind, different market sectors, gold prices compared to the old year-end high, the increase can be considered small, Compared with the Nikkei US stock market, gold prices are lagging behind, so that before the end of the quarter, gold prices are favored, last week's gold daily chart closed with positive candles, and on Thursday to gain greater momentum to climb, climbing to a new high before the close, technically, although there is an overbought signal, but there is no sign of a peak. Friday night PCE came as expected, inflation did not worsen, and it was difficult to reverse the gold rally. Looking ahead to this week, the labor data will put gold's rally to the test. The labor market has been fairly buoyant recently, and if there is no non-farm pullback, the Fed is still likely to keep interest rates on hold for a longer period of time, which will weigh on gold's rally. See the market situation, may wish to refer to each other.