- 单位:
- 千克
- 规格:
- 吨
International spot gold rebounded slightly yesterday, with Xinhua Shanghai maintaining a consolidation trend. The poor performance of U.S. economic data dampened the market's expectations for exit, and the U.S. dollar and the news were special
During the European trading session on Tuesday, the U.S. index bottomed out, putting gold and silver under pressure for a time. However, European data were stronger than expected and the U.S. manufacturing industry shrank sharply. The U.S. dollar index quickly fell back and hit a five-week low. Since Federal Reserve Chairman Ben Bernanke's testimony last week in which he implicitly supported easing, U.S. Treasury yields have fallen, and gold and silver have continued to rise, causing a large number of speculators to cover their short positions, pushing gold and silver to break multiple resistance levels to new highs on Monday.
Yesterday’s data showed that the U.S. manufacturing industry shrank significantly, which reflected that the U.S. economy was still on the verge of recovery and was not strong enough to scale back its bond-buying program as expected by senior Federal Reserve officials. We can see from Bernanke's speech last week that the key to the Fed's tapering plan lies in employment and housing market data, and of course inflation data. Yesterday's manufacturing index may not affect the Fed's decision to slow down its stimulus policy. Once the Fed begins to scale back its bond-buying program, the last thing it wants to see is damage to the still-infancy recovery of the U.S. housing market. However, judging from recent housing market data, the U.S. housing market is still at risk of falling into a downturn again.
Despite this, the market generally believes that the Federal Reserve is expected to reduce the current monthly bond purchase plan to 100 million per month in March. The author believes that given the current poor performance of U.S. economic data, the Fed's reduction in bond purchases will further push the market higher. Initial resistance above, followed by resistance. Investors are advised to short
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