Daily

Market sentiment is still not fully recovered. U.S. stocks fell after a sharp rise of 1,000 points last night. The U.S. dollar index also fell slightly. Gold prices failed to stabilize after hitting 1680.

The market remained cautious until it reached the 1700 mark. Although the overall strength remained strong, the intermediate volatility was also very large. It is expected that the gold price will return to its earlier sharp rise before it can break through again.

However, the central banks will announce the record of the recent emergency interest rate cut one after another, which will be announced in the early hours of this evening. Since the last regular meeting was cancelled after the emergency interest rate cut, attention should be paid to the water release rate.

Phase information has been digested by the market and is expected to maintain zero interest rate for a long time. However, details such as the strength and depth of QE without an upper limit are also worthy of attention.

If we see that the Federal Reserve is inclined to release doves further, it will inject momentum into gold prices.

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