Gold's Losing Streak Continues, Analysts Advise Holding Shorts
Has the gold bull market ended?
gtja believes that with Trump's return to power, inflation factors and the weakening of dollar credit may become key supports for the continued strength of gold. Long-term risks may arise from breakthrough developments in the usa's AI industry: if the usa can achieve re-industrialization and significantly improve total factor productivity through the AI boom, it will effectively alleviate inflation and fiscal pressures, thereby delaying the trend of dollar credit weakening, which may become a key variable to intercept the gold bull market.
The reason for the gold price drop of over 25 dollars is here! Powell's speech is impactful. How to trade gold?
On Wednesday, due to the expected rise in usa's October CPI, the dollar strengthened and usa's bond yields increased, causing gold prices to be sold off, marking the fourth consecutive day of declines. FXStreet analyst Christian Borjon Valencia indicated that upcoming economic events, including Federal Reserve Chair Powell's speech and usa's retail sales, will further influence the trend of gold.
Gold Dips 5% Following Trump's Return to the White House, Even as Wall Street Soars
Institutions: US inflation data in line with expectations, gold maintains a slight rebound.
Gelonghui on November 13th | Spot gold traded slightly above $2,600, after falling to a seven-week low in November, found technical support near the main trendlines.
The World Gold Council continues to support gold: this is merely a temporary adjustment!
Analysts from the World Gold Council believe that gold prices are currently just facing a popular pause, or even a healthy short-term correction.