Gold surges by more than 27% in 2024; the U.S. index hits a two-year high!

Hot spot tracking

• On Tuesday, Tesla CEO Musk changed the name of his account on the social media platform “X” to “Kekius Maximus.” The price of Kekius M (KM) on the Solana chain once rose by more than 12,600%, and its market value exceeded US$45 million in a short time. This news is bullish for the MEMETM coin.

• Israeli Defense Minister: Hamas may suffer a huge blow in Gaza that has not been seen in a long time. This news is bullish for crude oil.

• Director of South Koreas Public Investigation Department: Yin Xiyue will be arrested within the validity period of the arrest warrant. This news is bearish for the South Korean won.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▼-0.49%1.035331.03566GBP/USD▼-0.27%1.251391.25145AUD/USD▼-0.47%0.619090.61899USD/JPY▲0.19%157.186157.256GBP/CAD▼-0.01%1.799251.79843NZD/CAD▼-0.57%0.804220.80543

• 📝 Review:The U.S. dollar index hit a two-year high as the Federal Reserve kept interest rates higher than other central banks. It reached a maximum of 108.59 and finally closed up 0.37% at 108.48. The benchmark 10-year U.S. bond yield closed at 4.5760%; the two-year U.S. bond yield closed at 4.2520%.

• 🕵️ Operation suggestion:USD/JPY 157.487 Buy Target Price 158.089

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▲0.76%2624.522625.28Silver▼-0.16%28.8928.9

• 📝 Review:Spot gold closed up 0.71% on Tuesday at $2,624.61 per ounce. It rose more than 27% for the whole year, the largest annual increase since 2010. Spot silver closed almost flat, eventually closing down 0.13% at $28.89 per ounce.

• 🕵️ Operation suggestion:Gold 2625.97 Sell Target Price 2596.85

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▲1.01%71.60871.607Brent Crude Oil▲0.73%74.5674.558

• 📝 Review:WTI crude oil closed up 1.02% on Tuesday, reporting at $71.81/barrel as mainland China's manufacturing activity expanded in December; Brent crude oil closed up 0.99% at $74.80/barrel. Oil prices will fall by about 3% in 2024, marking the second consecutive year of decline.

• 🕵️ Operation suggestion:WTI Crude Oil 71.688 Buy Target Price 72.470

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▼-0.65%20976.4521043.79Dow Jones▼-0.08%42468.842531.3S&P 500▼-0.23%5884.15896US Dollar Index▼0.00%108.36108.36

• 📝 Review:U.S. stocks will be closed on January 1. The three major stock indexes rose for the second consecutive year, as major central banks began to cut interest rates, the theme of AI continued throughout the year, and policy expectations of the Trump 2.0 era fermented. The Dow rose 12.9% throughout the year, the S&P 500 rose 23.3%, and the Nasdaq soared 28.6%, all of which hit record highs multiple times during the year. In addition, the Russell 2000 index, which represents the trend of small-cap stocks, rose 10.0%. The AI craze has driven technology stocks to continue to advance rapidly, and the “Big Seven” collectively hit new highs during the year. Among them, Apple (AAPL.O) rose 30.7%, and Nvidia (NVDA.O) soared 171.3%.

• 🕵️ Operation suggestion:Nasdaq 100 20910.540 Sell Target Price 20718.860

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▲1.20%93851.394740.6Ethereum▼-0.19%3350.23359Dogecoin▲1.31%0.317490.32585

• 📝 Review:Judging from the overall market trend, Bitcoins market shows that bulls (bullish side) have a slight advantage. At press time, the price of Bitcoin was below $93,000. Therefore, it is not recommended to blindly go short or chase shorts now (that is, it is not recommended to sell when prices fall). For bulls, the current P/L ratio (the ratio of profits to potential losses) is very favorable.

• 🕵️ Operation suggestion:BitCoin 95034.9 Sell Target Price 89101.6