The Fed says it will not preemptively raise interest rates until inflation returns to normal
On Thursday (December 17), spot gold rose slightly, trading around 1866. On Wednesday (December 16), the price of gold rose by 0.6% to US$1864.8 per ounce. Previously, Fed Chairman Powell stated that the United States needs fiscal policy very much and the Fed is in We will not preemptively raise interest rates until inflation returns to normal. In addition, the US bailout case is close to reaching an agreement and poor US economic data have also helped gold prices continue to rise. The bullish gold price factor has overwhelmed the pressure caused by optimism about new crown vaccination.
Technical analysis: The price has fluctuated slightly from yesterday to now, and the high position has a longer shadow line. The overall situation is in order. The price band is above the middle of the Bollinger Bands. The market sentiment is good but has not yet formed a clear upward momentum. The Bollinger Bands curve is relatively flat, and the Asian period generally presents a sideways and slight oscillation pattern. The announcement of the number of initial jobless claims in the United States at 9:30 in the evening may have a narrow impact on prices.
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