Analysis of today's market

SOOLIKE | 2024-12-12 09:14

Abstract：On Wednesday, gold prices extended their upward trend after the release of U.S. inflation data. As the inflation picture evolves, expectations for the Federal Reserve to cut interest rates next week h

On Wednesday, gold prices extended their upward trend after the release of U.S. inflation data. As the inflation picture evolves, expectations for the Federal Reserve to cut interest rates next week have been reiterated, albeit at a slower pace. Gold was trading at $2,711, marking a 0.40% increase.

The U.S. Bureau of Labor Statistics revealed that the U.S. Consumer Price Index (CPI) remained stable in November, with the core figures aligning with economists' monthly and annual estimates.

Gold opened at around 2717and rose to around 2724 at the highest and around 2716 at the lowest before press time.Pay attention to the resistance of 2740-2750-2760 If it fails to break through, it will test 2690-2680-2670