Will tonight's PCE bring Bullish news? The bearish trigger for Gold may be ignited!

After the Fed took a hawkish stance, the market fell into chaos. Will tonight's PCE data bring a glimmer of hope for the bulls?

Golden10 DataDec 20 17:03

Market quick glance | The three major Indices showed mixed results, with the tech index slightly rising, Xiaomi and Tencent increasing nearly 3%; Semiconductors stocks were strong, with Semiconductor Manufacturing International Corporation rising over 8%;

Network Technology stocks performed poorly, KUAISHOU-W fell by 5.42%, Alibaba-W dropped by 3.44%; most Coal Industrial Concept stocks declined, SOUTHGOBI fell by 12.02%, China Coal Energy dropped by 6.37%; many Hong Kong Retail Stocks fell, PRADA decreased by 3.80%, BOSSINI INT'L dropped by 3.48%;

Futu NewsDec 20 16:23

Hong Kong stocks fluctuated | Golden Industrial Concept once again fell as the Federal Reserve's hawkish interest rate cut boosted the US dollar, putting pressure on Precious Metals prices in the short term.

Golden Industrial Concept has declined again. As of the time of reporting, CHINAGOLDINTL (02099) fell by 2.49% to 37.2 Hong Kong dollars; SD GOLD (01787) dropped by 2.47% to 12.62 Hong Kong dollars; Zijin Mining Group (02899) decreased by 1.95% to 14.08 Hong Kong dollars.

Zhitong FinanceDec 20 14:31

Hong Kong stock market midday review | All three Indexes rose, Semiconductors and Tencent Related stocks strengthened, Weimob surged over 16%, Semiconductor Manufacturing International Corporation rose over 10%, and Tencent increased over 3%.

Network Technology stocks generally fell, KUAISHOU-W dropped 4.65%, Alibaba-W fell 3.32%; many Coal Industrial Concept stocks declined, SOUTHGOBI fell 8.50%, China Coal Energy dropped 5.01%; Mobile Game stocks rose, BOYAA fell 5.06%, TENCENT increased 3.08%;

Futu NewsDec 20 12:09

Gold prices have successfully reached the bearish target! Renowned Institutions: Unless this level is broken, gold prices may still have significant room for decline.

On Thursday afternoon in the Asian market, spot Gold continued its intraday rebound trend, with the gold price currently around $2609 per ounce; the previous trading day saw a drop of over 2% in gold prices. According to Economies.com, after yesterday's sharp decline, the gold price successfully reached the bearish target of $2600.00 per ounce. Unless it breaks through $2655.00 per ounce, the outlook for gold prices remains bearish.

FX168Dec 19 14:50

Gold Prices Rebound From Fed-driven Rout, Hawkish Comments Cloud Outlook

InvestingDec 19 13:40