Market Analysis for Today

On Wednesday, following the release of the latest minutes from the Federal Reserve's monetary policy meeting, which revealed that all policymakers had voted to keep interest rates unchanged during the January meeting, gold prices declined during the North American session. Gold was trading at approximately $2,925, marking a decrease of 0.31%.

The minutes indicated that Fed officials viewed the risks to its dual mandate as roughly balanced, with "some participants suggesting that potential changes in trade and immigration policies could hinder the inflation process." Participants noted that some indicators of inflation expectations had "increased somewhat recently."

Gold opened at around 2933 and rose to around 2940 at the highest and around 2933 at the lowest before press time.Pay attention to the resistance of 2950-2960-2970 If it fails to break through, it will test 2900-2890-2880