Daily Gold | September is coming, and the international gold price transfer can be expected

Today's guest: Chengdu Fengye Co., Ltd. Lu Jun

Recently, the international gold price has maintained a weak oscillation pattern, and from the perspective of the weekly level, there have been three consecutive declines. The author mentioned on Monday that short -term international gold prices are facing the pressure of continuing to retreat, and it may be close to the $ 1700/ounce mark. At present, the international gold price is indeed closer to this position.

The Federal Reserve President Powell's speech at the Annual Meeting of the Central Bank of Jackson ignited the market's expectations of the Fed's 75 basis points in September. In recent days, most Federal Reserve officials have released eagle remarks, which has exacerbated the market's expectations for the Fed's strong interest rate hike again. Protocolled by this, the US dollar index and US debt yields continued to rise strong, while international gold prices were under pressure. However, the recent strong interest rate hike expectations of the European Central Bank also heated up strongly, which has formed a certain checks and balance on the US dollar. In August, the consumer price index (CPI) and non -agricultural employment data in August or the Federal Reserve raised interest rate hikes. At present, there is no need to worry about it.

At present, the international gold price has maintained a weak oscillation pattern, and most of the increases since mid -July have made it difficult for the market to support the market. Therefore, from a technical point of view, international gold prices will still face pressure, and continue to pay attention to US $ 1700/ounce support.

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