Weekly

After the gold price continued to rise last week, it has set a record for the longest consecutive rise in recent years. Since the sharp rise at the end of last year, the gold price has risen by more than 300 US dollars, with a cumulative increase of more than 10%. The market continues to digest the tariff policy of the United States, and investors are worried about a trade war, prompting funds to flow into the precious metals market to avoid risks. After breaking through the 2900 mark at the beginning of the week, the gold price repeatedly reached a high of 2942.72 US dollars, and the market highly expects the gold price to break through the 3000 mark soon.

However, before the challenge of 2950, the high level began to repeat, and the CPI and PPI released by the United States were higher than expected, and inflation had a chance to rekindle. The market expects that the timing of the Fed's further interest rate cut will be further delayed until September, and it is possible to maintain a high interest rate environment in the past six months, which is not good for gold prices, thus hindering the development of high gold prices.

Even if the retail sales were as low as -0.9% on Friday night, the support for gold was limited. The price of gold was unable to challenge the high level and fell below the 2900 mark. Although it maintained an upward trend throughout the week, the trend was more repeated, from unilateral rise to large-scale ups and downs.

Looking ahead to this week, there is not much economic data, but there is a record of last month's interest rate meeting in the middle of the week, which has some enlightenment for the rest of the Fed's meeting this year. Investors are seeking whether the Fed has changed its eagle, stopped cutting interest rates or even restarted the pace of raising interest rates. If the Fed has more directors to change their eagle, gold may take advantage of the situation to have more retreat. The market situation is a bit different, so let's refer to each other.