Powell's stance is dovish: Inflation has made significant progress and may return to 2% by the end of next year or the year after.

Powell said that inflation has made "significant progress", but he remains cautious about the timing of the first rate cut...

Golden10 DataJul 2 22:16

Before the storm, there is calm. Gold will usher in new power technology in the second half of the year!

Analysts predict that the global industrial cycle will deteriorate by the end of 2024 or the beginning of 2025, which will support long-term rise in gold prices.

Golden10 DataJul 2 16:45

Gold plunged sharply in the short term and fell below $2325! Be careful of Powell's hawkishness triggering further selling. Analysis of gold trading from well-known institutions.

#Gold Technical Analysis# 24K99 News - In early European trading on Tuesday, spot gold suddenly and rapidly fell, with the price just falling below $2,325 per ounce, a drop of $8 within the day.

FX168Jul 2 15:36

What happened? Everyone is rushing to withdraw gold reserves from the USA.

Even African countries no longer dare to store their gold in the USA, highlighting the importance of holding physical gold due to the trend of gold repatriation.

Golden10 DataJul 2 11:54

Recent Decline in Commodities Is Only Temporary, JPM Says in Mid-year Outlook

Seeking AlphaJul 1 18:07

Gold latest trade reminder: USA heavyweight data is expected to ignite the market! How will gold prices move before Powell's speech?

In early European trading on Monday, spot gold remained stable, with the current price around 2326 US dollars/ounce. On this trading day, gold traders will focus on the US ISM Manufacturing PMI data, which is expected to cause fluctuations in the gold market.

FX168Jul 1 15:53