What exactly is going on?! Gold prices soared more than 30 dollars during the day as significant data from the USA is coming; how to trade Gold?

On Thursday morning in the European market, spot Gold continued its intraday rebound, with the current price around $2616 per ounce, a rise of over $30 for the day. FXStreet Senior Analyst Dhwani Mehta pointed out that after the Fed's hawkish interest rate cuts triggered a dramatic drop, Gold experienced a 'dead cat bounce.' However, from the daily Gold chart, the price may still face a 'Sell on the rebound' Trade.

FX16815:41

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.

FX16814:50

After the gold price plummeted, it surged by $26 in the Asian market! How will it move next? FXStreet Analyst's latest technical analysis on gold prices.

On Thursday during the Asia market session, spot Gold rebounded strongly after a sharp drop in the previous Trade session, with the current price around $2,612 per ounce, rising $26 on the day. FXStreet Analyst Haresh Menghani wrote that in the Asian market on Thursday, Gold prices rebounded from a one-month low, and investors are now focusing on USA economic data to look for short-term trading opportunities.

FX16811:59

CITIC SEC: The narrative around the US debt drives Gold, and further expansion of US fiscal policy is still needed; long-term allocation opportunities still exist.

From the perspective of the medium to long-term narrative, the USA's "fiscal stability" style in 2025 may not necessarily drive Gold prices further upward, and attention should still be paid to the scale of fiscal expansion.

Zhitong Finance09:41

Powell's fulfillment of a "hawkish" stance ignites a major market trend! Gold falls below 2600, and the S&P experiences its largest decline in interest rates since 2001.

Powell emphasized that interest rate cuts will slow down, the US dollar index rose above 108, the Dow fell by more than a thousand points, and the S&P recorded its largest decline on a rate cut day since 2001, with Gold experiencing a significant drop of nearly 60 dollars during the session...

Golden10 Data07:28

IShares Silver Trust Options Spot-On: On December 18th, 267.49K Contracts Were Traded, With 5.95 Million Open Interest

On December 18th ET, $iShares Silver Trust(SLV.US)$ had active options trading, with a total trading volume of 267.49K options for the day, of which put options accounted for 28.9% of the total

Futu News05:30