CoinWorld News, China International Capital Wealth Futures states that gold has been fluctuating and pulling back, with the trend meeting expectations.


The market has overly pessimistic expectations regarding "the US-Iran issue has yet to sign a formal agreement, and oil prices still face the risk of rising later."
Under the circumstances of digesting strategic reserves and consumer acceptance of high oil prices, crude oil may continue to rise, which is not good news for US inflation.
The sideways and weak trend of gold remains unchanged.
PAXG-3.04%
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Paper-SculptedOctopusNight
· 1h ago
High oil prices → inflation → Fed not lowering interest rates → gold comes under pressure, I understand this chain.
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L2Mailman
· 2h ago
CICC's analysis is quite solid, gold is somewhat weak but hasn't dropped sharply, let's wait and see.
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BridgeHopBella
· 3h ago
The Iran-U.S. agreement is only considered finalized once the deal is signed; right now, it's all about expectation negotiations.
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PerpWhisperer
· 4h ago
The US-Iran agreement is still hanging, and with oil prices rising, inflation is likely to pick up again. Gold, on the other hand, is indeed unlikely to see a major move.
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MetalRoboticArm
· 4h ago
Will the crude oil inventory drawdown be completely digested and lead to a short squeeze?
It feels like gold’s trading range is going to keep fluctuating for a while longer.
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Cream-ColoredCross-ChainBridge
· 4h ago
A sideways trend with a slight downward bias means no clear direction; short-term traders find it very uncomfortable.
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SlowerThanBlock
· 4h ago
The tug-of-war effect between gold and crude oil is becoming more and more apparent.
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