Daily discussing gold | Euro starts to raise interest rates. Can gold be borrowed?

Guest: Gold Investment Analyst Zhang Bo

On the week of July 11, the international gold price continued to show a decline, and finally the $ 1700/ounce integer barrier. As the US Consumer Price Index (CPL) data in June in the United States has burst again, it has reached 9.1%in the past 40 years. The market's expected heating up at the Fed's 100 basis points in July in July, continuing to put pressure on the price of gold.

At the same time, data such as retail sales and consumer confidence index released by the United States last week were better. Judging from the economic data released by the United States last week, the US economic performance has been improved recently. Consumption data is better than expected. Although the labor market is strong, although inflation continues to innovate high, considering that the commodity market has fallen sharply, inflation seems to have some inflation, and inflation seems to have some inflation. Short in the short term. Therefore, Fed officials have further reiterated 75 basis points in July, and the market's expectations of 100 basis points on the market will quickly cool down. The pressure of the US stocks and the US bond market has been reduced, and the US dollar also has partial pressure, and the index has fallen from a high level above 109.

In the short term, there is a demand for further callbacks in the US dollar, which is expected to provide room for rebound in gold prices. In the middle period, the main non -US economy, especially the euro zone, is following the United States to start austerity. The differentiated between the US and European currency policy is narrowing, which will suppress the ascension of the US dollar. In addition, the global supply chain disorders caused by the geographical situation and the US and European sanctions will force the reorganization of the asset allocation structure of governments of various countries. The seemingly strong US dollar is actually a strong and stronger. The new round of global de -US dollar is in fact.

For gold, the current international market has basically digested the U.S. interest rate hikes in July 75 basis points. If the Federal Reserve ’s July interest rate conference finally decided to raise interest rates 75 basis points, it is expected that international gold prices will rebound stage.

Looking forward to this week, in addition to continuing to pay attention to the situation in Russia and Ukraine, the market focus will have a certain impact on the trend of gold prices this week in the euro zone CPI data and European and American July PMI data.

From a technical point of view, this week's gold price continues to pay attention to the support of the $ 1700/ounce integer gateway. As follows, the next important support position is at $ 1680/ounce. Pay attention to the pressure of 1750 ~ 1765 US dollars/ounce. Specific operations can rely on the pressure level/support level to conduct interval transactions, timely stop profit and stop loss, and light warehouse operation.

China Gold Network

[China Gold Network] (ID: ChinaGoldnews) professional, authoritative, forward -looking, global golden -hearted insight, produced by China Gold News Agency.

2717 original content

the public

- END -