Weekly

Last week, the price of gold plummeted, and the dollar soared thanks to the Trump trade- Trump transaction. The gold denominated in dollars was the first to bear the brunt. In addition, the demand for safe haven dropped sharply and the demand for gold fell, which made the price of gold even worse. At the beginning of the week, the price of gold was weak enough to go up to the 2700 mark and go down to 2600.

In the middle of the week, I saw that the CPI released by the United States was the same as expected, and inflation did not rekindle. After a slight rebound, the price of gold continued to be under pressure, and it fell below the 2600 mark and fell to a full-week low of 2536 on Thursday night. Federal Reserve Chairman Powell said in a speech that there is no need to cut interest rates sharply in the United States at present. The market believes that the expectation of a sharp cut in interest rates at the beginning of the year has failed, and the United States will maintain high interest rates for a long time, making it difficult to maintain the gold price.

That is, the city is subject to the 2580 mark, and it is difficult to recover above the 2600 psychological mark. Looking forward to this week, short-term technical trends are mixed due to falling below the medium-term upward track. Fundamentally, there are few important data. The market is still digesting the stimulus brought by Trump's appearance, and the market trend may be more urgent. For the trend, please refer to each other.