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Memo for next week.
On November 11 (Monday), the holiday markets in the USA, France, and Canada are closed. Reserve Bank of New Zealand's fourth-quarter inflation expectations for the next two years: previous value 2.03%. Japan's October banks (including trusts) lending rate: previous value increased by 2.7%. Japan's September trade account: predicted deficit of 66.2 billion yen; previous deficit of 377.9 billion yen. Japan's September current account: predicted surplus of 3.4327 trillion yen; previous surplus of 3.8036 trillion yen. Japan's October economic observers' current situation index: predicted 47.1; previous value 47.8. Japan's October economic observers' future outlook index: predicted 49.2; previous value 49.7.
Big market surprise! Gold faces fierce selling pressure, with the price dropping nearly $20 within the day. Renowned institutions analyze gold trading.
#Gold Technical Analysis# 24K99 News At the end of the Asian session on Friday (November 8), spot gold suddenly plunged in the short term, with the gold price currently near $2686 per ounce, plummeting nearly $20 within the day.
World Gold Council: Global gold etf records net inflows for six consecutive months
The World Gold Council (WGC) stated that global physical gold exchange-traded funds (ETFs) recorded a net inflow of 4.3 billion US dollars last month, marking the sixth consecutive month of net inflows, driven by inflows from North America and Asia. As of the end of October, the gold positions of ETFs were 3,244 tons, with a total asset management value of 286 billion US dollars. Global gold ETFs have accumulated a net inflow of 4.7 billion US dollars this year, with total asset management value increasing by 33% annually. The organization noted that demand for gold in North America has been affected by uncertain factors surrounding the US election, escalating military conflicts in the Middle East, and the possibility of North Korean soldiers joining the Russia-Ukraine conflict or driving demand for gold ETFs. The organization also mentioned that global gold exchanges
Gold suddenly experienced a sharp decline! The price of gold just lost the $2700 mark. FXStreet's chief analyst provides a technical outlook on the gold price.
On Friday during the Asian market session, spot gold suddenly plunged in the short term, with the price just breaking below $2700 per ounce; the price of gold surged nearly 2% on the previous trading day.
HK stocks fluctuate | Golden industrial concept rebounds in early trading as the Federal Reserve cuts interest rates by 25 basis points as expected, with spot gold returning to $2700.
Golden industrial concept rebounded in the morning session. As of the time of publication, zijin mining group (02899) rose by 3.3%, trading at 16.92 Hong Kong dollars; lingbao gold (03330) rose by 1.23%, trading at 3.3 Hong Kong dollars; sd gold (01787) rose by 0.81%, trading at 14.88 Hong Kong dollars.
Fed rate cut sparks market boom! Powell sends out a significant signal. Gold price skyrockets over $47. How to trade gold?
On Thursday, spot gold surged nearly 2%, as the Fed cut interest rates by 25 basis points as widely expected, causing the dollar to plummet and providing upward momentum for gold. FXStreet analyst Christian Borjon Valencia pointed out that the Fed's dovish rate cut and hints of flexibility in future policy direction benefited gold.
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