Spot gold: range-bound, sell on rallies and buy on dips
智通财经2026/09/11 02:41Show original
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(1) Analysis: US PPI strengthened, and surging oil prices have pushed inflation expectations higher. The market's bets on a Federal Reserve rate hike have risen to around 70%, causing the US dollar and Treasury yields to climb, putting pressure on gold, which has dropped to around $4,320. In the short term, focus on whether the CPI can change interest rate expectations, thereby supporting gold prices to maintain range-bound trading. (2) Key focus: US Treasury yields, US Dollar Index, geopolitical situation, US CPI (3) Resistance: 4,350; 4,380; 4,400 (4) Support: 4,300; 4,250; 4,220;
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