Yesterday, the trend of spot gold was ups and downs, rose and fell for several rounds, rebounded sharply by $20 after testing the early support of 1793, and finally rose slightly, refreshing the high in the past two days to $1809.85 per ounce.
Today, affected by the overnight Federal Reserve decision and Powell's remarks, the market fluctuated again, and spot gold continued to rise. rose to a maximum of around US$1,819.. As of press time, spot gold was trading at US$1,818.28 per ounce, an increase of 0.63%.
That situation occurred yesterday, mainly because Federal Reserve Chairman Powell pointed out that the U.S. economy still faces the risk of the Delta new coronavirus variant, Gold prices broke away from the initial decline and turned higher .
As for the gold market outlook, investors will usher in heavyweight economic data such as the United States GDP, is expected to trigger market conditions again . Although the price of gold is likely to rise further after the Federal Reserve releases a dovish signal, if the United States releases a dovish signal in the evening The strong performance of several data may suppress the rebound of gold prices, so everyone still needs to remain vigilant before the 1820 mark.
Finally, the international gold price has skyrocketed and plummeted. What will be the intraday trend of domestic gold?
The following are the quotations of some gold stores:
The quotations above are obtained from the official websites of major gold stores. There are slight differences due to different regional stores. Please refer to the quotations of physical gold stores in various places on the same day. The data is for reference only~
