Weekly

Last week, the price of gold fell first and then rose, and continued to be troubled by the Federal Reserve's interest rate cut of only half a percentage point in 2025. The price of gold only developed steadily before the end of 2024, failing to continue the big upward trend in November. In 2024, there was a huge increase, which also put great pressure on profit-taking. Before New Year's Eve, the price of gold once fell below the 2600 mark, and the lowest price in the whole week was $2596.11.

However, the low level is supported by buying, driven by geopolitical risks, and funds flow into the gold market. In the early morning of Wednesday, Russian drones attacked Kiev, and Israeli troops also attacked a suburb of Gaza. Under the light trading day near New Year's Day, the news gave an extra boost to the market, and the price of gold broke through, reaching a peak of 2665.24 for the whole week, and then fell back on Friday.

In addition to the surge in gold, the US dollar index also showed strength. Trump will take office on the 20th, and will implement tariffs, which will give a good chance to trigger a trade war, support the development of American exchange, and the inflation caused by tariffs will also make the Fed need to maintain a high interest rate environment. The weighted index of American exchange is stable at 108, and the high price of gold is more vulnerable to pressure.

Looking forward to this week, the United States will release a series of labor data, including Friday night's non-agricultural, to observe whether the United States is in a recession crisis. In addition, there was a record of last month's interest rate meeting on Wednesday. If the record supports hawking, the price of gold may be under pressure again. The market situation is a bit different, so let's refer to each other.