Jin10 data reported on August 14, as market risk sentiment improved, gold futures prices fell. Analysts from Sukdun Financial Group stated in a report that although U.S. Treasury yields have decreased and the market expects a rate cut in the U.S. in September, gold's recent trading has overall been in a range fluctuation state. The company noted that the latest U.S. consumer price index data shows that inflation remained stable compared to the previous month, reinforcing market expectations for a 25 basis point rate cut in September, which has now been fully digested. Meanwhile, the U.S. stock market is performing well as investors shift towards risk assets, leading to a decrease in gold's safe-haven demand. Analysts wrote that gold has been in a narrow range fluctuation since April, and to clearly break through this range, it seems stronger and more sustained dovish signals are needed.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Analyst: Market risk sentiment improves, gold futures prices fall.
Jin10 data reported on August 14, as market risk sentiment improved, gold futures prices fell. Analysts from Sukdun Financial Group stated in a report that although U.S. Treasury yields have decreased and the market expects a rate cut in the U.S. in September, gold's recent trading has overall been in a range fluctuation state. The company noted that the latest U.S. consumer price index data shows that inflation remained stable compared to the previous month, reinforcing market expectations for a 25 basis point rate cut in September, which has now been fully digested. Meanwhile, the U.S. stock market is performing well as investors shift towards risk assets, leading to a decrease in gold's safe-haven demand. Analysts wrote that gold has been in a narrow range fluctuation since April, and to clearly break through this range, it seems stronger and more sustained dovish signals are needed.