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

Gold price just fell below $2,330! The gold market is focused on two big events. FXStreet senior analyst analyzes gold technique.

On Tuesday, the spot gold experienced a short-term decline during the Asian market session, and the gold price just fell below the key level of $2330/ounce. On this trading day, gold traders will focus on the speeches of Federal Reserve Chairman Powell and the US JOLTS job vacancy data.

FX168Jul 2 11:48

Silver steals the show in the second quarter! Is it possible to reach a new peak of $50 this year?

Silver's ROI in the second quarter of this year exceeded that of the US stock market, gold, and copper. Analysts expect it to further appreciate.

Golden10 DataJul 2 11:48

Prepare for the big gold market! The heavyweight data highly focused by Powell and the Federal Reserve is coming. How to trade gold price?

During the intraday session on Tuesday, July 2nd, spot gold maintained a moderate upward trend. Currently, the gold price is around $2334 per ounce.

FX168Jul 2 10:22

Expectations of interest rate cuts are putting pressure on gold and copper again, waiting for this week's PMI data to provide guidance.

Last week's released overseas macro data remained relatively weak, while Fed officials' statements were relatively hawkish, especially Federal Reserve official Bowman pointed out the possibility of interest rate hikes, which put pressure on the market, causing the US dollar to further strengthen against other currencies. This week, there will be intensive release of Euro-American PMI data, which will be a good guide for the market.

CME GroupJul 1 11:22

Gold Weekly Review: Interest rate cut prospects are clearer, but the market remains cautious. Independence Day partnering with non-agricultural data could disrupt investment layout.

Spot gold maintained a volatile consolidation this week, opened at $2321.88/ounce, peaked at $2339.79/ounce, bottomed out at $2293.69/ounce, and finally closed at $2326.72/ounce. The trend of the US dollar continues to dominate the recent gold trend. And the Fourth of July in the United States will make next week's economic data unusual, and important releases will be compressed on both sides of the holiday.

FX168Jun 30 08:47