Analysis

TradingKey - During Thursday's Asian trading session, gold (XAUUSD) prices rebounded significantly following an overnight sell-off, with spot gold rising over 1% to $4,156.08 per ounce.

TradingKey - As of the European session on Wednesday (October 14), gold prices (XAUUSD) remained range-bound ahead of the release of the U.S. September CPI, trading near $4,150. Gold had previously encountered resistance after rebounding toward $4,200, before pulling back to around $4,150. The U.S. inflation data scheduled for release tonight could be a crucial factor determining gold's short-term trajectory.

TradingKey - As of the Asian session on October 12, gold prices (XAUUSD) consolidated at elevated levels following a sharp rebound last week. As of press time, gold edged down 0.2%, trading near $4,185, after touching an intraday high of $4,217.22, its highest level since October 2. Gold had dropped to near $4,066 last week before quickly recovering, improving its short-term momentum.

TradingKey - On October 12, gold (XAUUSD) prices rose slightly, continuing to hold above $4,200 per ounce. In the previous week, gold gained a cumulative 1.3%. A retreat in oil prices and a decline in long-term U.S. Treasury yields eased some market concerns over further interest rate hikes, providing support for gold.

TradingKey - As of Friday (October 9), gold prices (XAUUSD) rebounded noticeably after a period of consecutive decline. During today's Asian session, gold briefly rose back above $4,200, hitting an intraday high of $4,207.73. Having previously touched a two-month low on Wednesday, gold regained upward momentum as the US dollar and US Treasury yields pulled back.

TradingKey - As of the Asian session on October 8, gold prices (XAUUSD) maintained a weak rebound today, with the latest price trading near $4,120. Yesterday, gold prices briefly broke below $4,100 intraday, touching a low of $4,066.35. Price action indicates that bearish market sentiment clearly holds the upper hand, and gold prices may continue to decline in the short term.

TradingKey - In August, gold (XAUUSD) prices continued to rebound from near $4,000, briefly approaching $4,700. As the key resistance level at $4,500 was broken, technical indicators show that upside space toward $4,900 has opened up, with gold expected to return to a bull market and bring renewed investor focus to the precious metals market. If gold re-enters a medium- to long-term upward cycle, apart from direct investments in gold and gold ETFs, gold mining stocks may offer even greater earnings elasticity than gold itself.

TradingKey - As of the European session on September 30, gold prices (XAUUSD) continued to recover after a sharp decline earlier this week, reclaiming $4,200 intraday and last trading near $4,195. Gold had previously dropped to a seven-week low near $4,110 and remains down nearly 6% cumulatively since September. With the upcoming release of the US August PCE inflation data, short-term market focus has shifted back to inflation and the Federal Reserve's subsequent rate hike path.

TradingKey - Spot gold (XAUUSD) fell sharply by 4% on Monday, closing at $4,114.93 per ounce after hitting an intraday low of $4,110.80, its lowest level since August 5. Entering Tuesday's Asian trading session, gold prices consolidated at low levels near $4,130, as market sentiment remained cautious.

TradingKey - As of the Asian session on September 28, international gold prices extended their recent weakness, with spot gold (XAUUSD) falling below $4,200 intraday to a low of $4,179.42, marking an intraday decline of over $100. Gold prices had already been under continuous pressure last week and dropped by over 2% at one point during Monday's Asian session, signaling that short-term selling pressure on gold has yet to show significant relief.

TradingKey - As of the European session on September 24, gold prices (XAUUSD) extended their correction, breaking below $4,300 intraday and touching a low of $4,262.45. Having previously rebounded close to $4,400, gold has pulled back continuously and breached the $4,300 psychological mark, signaling a clear weakening in its short-term trend.

TradingKey - Using the U.S. jobs report to understand initial estimates, revisions to prior months, and how gold gets repriced.

TradingKey - As of the Asian session on September 21, gold prices (XAUUSD) maintained high-level consolidation intraday following last week's strong rebound, with the latest price trading near $4,360. Gold had previously dropped to a low near $4,235 following the Federal Reserve's rate hike, before embarking on a continuous rally that briefly pushed prices to a one-week high approaching $4,400 last Friday.

TradingKey - As of the European session on September 18, gold prices (XAUUSD) extended Thursday's rebound, surging strongly intraday to $4,399.75, just shy of the $4,400 key level. Following the Federal Reserve's announcement of a 25-basis-point rate hike on Wednesday, spot gold dropped sharply from above $4,365 to hit a low of $4,235; subsequently, gold rebounded for two consecutive trading sessions, recovering by nearly $150.

TradingKey - As of the Asian trading session on September 17, gold prices (XAUUSD) rebounded sharply after falling to $4,235.44 on Wednesday, reclaiming the $4,300 level intraday today and reaching a high of $4,318.26. On Wednesday, gold prices briefly surged above $4,365 before plunging after the Federal Reserve announced its interest rate decision. Today's swift rebound suggests that the short-term market sell-off triggered by the bearish catalyst is drawing to a close.

TradingKey - During the Asian trading session on September 16, spot gold (XAUUSD) surged, reclaiming the $4,300/oz mark and touching an intraday high of $4,340/oz.

TradingKey - As of the European trading session on September 15, the 30-year US Treasury yield rose intraday to 5.3960%, and the 10-year US Treasury yield briefly climbed to 5.047%, both reaching near 20-year highs. As long-term interest rates continued to rise, spot gold (XAUUSD) fell below the $4,300 mark, briefly pulling back to around $4,260.

TradingKey - As of the Asian trading session on September 11, gold prices (XAUUSD) maintained a weak consolidation today, trading near $4,320, after dropping sharply to around $4,300 on Thursday. The U.S. August PPI data released showed a rebound in producer price pressures, while international oil prices surged over 7% in a single day, pushing U.S. Treasury yields and the U.S. dollar higher in tandem. Markets are currently awaiting tonight's August CPI release to further gauge whether the Federal Reserve will raise interest rates next week.

TradingKey - On September 10, Eastern Time, Reuters reported, citing two people familiar with the matter, that the White House has not yet made a final decision on whether to impose import tariffs on refined copper. The administration is weighing the potential for tariffs to push up U.S. manufacturing costs against their potential support for domestic mining, smelting, and refining projects.

TradingKey - As of the Asian session on September 9, gold prices (XAUUSD) maintained a weak intraday rebound, rising about 0.36% on the day to trade near $4,370, pulling back significantly from last week's high of $4,510. Following stronger-than-expected US August employment data, expectations for a Federal Reserve rate hike in September have increased. Meanwhile, with international oil prices approaching $100, investors are awaiting this week's US PPI and CPI data for further direction on gold prices.