Gold prices rose nearly 10 dollars in the Asian market! What will happen next? FXStreet Analyst's latest technical analysis of gold prices.

In the Asian market on Monday's afternoon, spot Gold continued its rebound trend, with the current gold price around $2632 per ounce, having strong gains of nearly $10 during the day. FXStreet Analyst Haresh Menghani stated that the dollar remains under pressure below the two-year high reached last Friday, which is a key factor driving up Gold.

FX16815:03

Wall Street 2025 outlook: Where will stocks, bonds, and foreign exchange go from here?

On average, strategists expect a prosperous year for both stocks and bonds next year, with the dollar leading the forex market and strengthening further. Gold remains strong but the increase may slow down, and the outlook for Crude Oil Product appears pessimistic...

Golden10 Data12:43

Institutions: How to expect a rate cut for various Assets?

After the hawkish interest rate cut, trade related to the interest rate cut became the dominant logic temporarily, leading to a breakout of US Treasury yields and the US dollar upwards, while US stocks and Gold experienced a significant decline. However, with the approach of January 20 when Trump takes office, the impact of his policies is bound to "make a comeback". Moreover, it is believed that the current hawkish stance of the Federal Reserve is not necessarily bad for the US economy and US stocks, and there is no need to swing from the extreme of a "large interest rate cut" in September to the other extreme of "unable to cut rates" now.

CICC Insight.08:07

Gold Trade Reminder: USA's inflation data is weak, the dollar has experienced a Top Reversal, and gold prices have surged nearly 30 dollars.

On Monday (December 23) during the Asian market's early session, spot Gold fluctuated narrowly, currently trading around $2622.13 per ounce. Gold prices soared nearly $30 last Friday, supported by a weaker dollar and U.S. Treasury yields, following U.S. economic data indicating a slowdown in inflation. However, the Federal Reserve's hawkish interest rate outlook is expected to record a weekly decline in Gold prices. Additionally, several Federal Reserve officials' speeches supporting a slowdown in rate cuts next year still raise concerns for Gold bulls. Despite this, U.S. consumer spending increased in November, with strong demand for various Commodities and services, highlighting economic resilience. The U.S. Bureau of Economic Analysis stated that consumer spending in November...

FX678 Finance07:40

Weekly outlook: The market may be "fraught with crises" during the Christmas period, and bullish sentiment for Gold may still need to cool down!

The Federal Reserve's "shock" to the market, does the bullish sentiment for Gold still need to cool down? The dominance of the dollar is likely to remain unshaken, beware of liquidity shortages amplifying market volatility! Is the recent slump in US stocks a "reverse pick-up"?

Golden10 DataDec 21 17:38

Gold Weekly Review: The intertwining of the Federal Reserve's hawkish policies and geopolitical risks, can the gold price hold its support?

Recently, the Gold market has experienced complex fluctuations. Although gold prices rose after the latest inflation data from the USA was released, they still could not avoid the downward pressure this week. Spot gold closed at $2622.56 per ounce on December 20, marking a weekly decline of 0.98%. The pullback of the dollar and US bond yields provided some support for gold, but the hawkish policy expectations of the Federal Reserve continue to suppress gold prices, leading to more cautious market sentiment. Fundamental Analysis shows that the slowdown in inflation, according to the USA's latest November PCE (Personal Consumption Expenditures) data, has brought short-term support to the gold market.

FX678 FinanceDec 21 12:20