The annual meeting of global central banks will be held this Thursday
The focus of the market this week is believed to be inseparable from the annual meeting of global central banks (Jackson Hole) on Thursday. Fed Chairman Powell will speak first on Thursday. The market is concerned about how the Fed’s printing of money due to the epidemic will affect future inflation. Since this is the first time Powell has spoken in public since the Fed’s interest rate meeting at the end of July, the market has been paying attention to how Powell will view the latest economic situation in the United States after about a month.
Gold prices continue to be supported
The recent trend of gold is mainly affected by the U.S. dollar. Prior to this, the U.S. dollar fell to a low in more than two years, which once pushed gold to $2075. But as the dollar stabilized, gold fell sharply. In general, the fundamentals of gold are generally good, which will continue to support gold prices. Analysts have polarized the short-term trend of gold. However, analysts generally believe that if gold confirms the 1920-1900 support, gold is expected to continue to rise, otherwise there is a possibility of further correction if it falls below this range.
—————————————————————
Z. com Bullion is an affiliate of GMO Financial Holdings, Inc., a Japanese listed group. The risk of loss in leveraged foreign exchange trading & margin trading can be substantial. Visit the company website to read full risk warning. https://bullion.z.com/en/about/legal/risk/
场外式黄金/白银交易由 Max Online 提供。 场外式黄金/白银交易涉及高度风险，未必适合所有投资者。 高度的杠杆可为阁下带来负面或正面的影响。 场外式黄金/白银并非受证券及期货事务监察委员会（「证监会」）监管，因此买卖场外式黄金/白银将不会受到证监会所颁布的规则或规例所约束，包括（但不限于）客户 款项规则。 阁下在决定买卖场外式黄金/白银之前应审慎考虑自己的投资目标、交易经验以及风险接受程度。 可能出现的情况包括蒙受部分或全部初始投资额的损失，或在极端情况下（例如相关市场跳空）产生更多的损失。 因此，阁下不应将无法承受损失的资金用于投资。 投资应知悉买卖场外式黄金/白银有关的一切风险，如有需要，请向独立财务顾问寻求意见。