Overnight market review Tuesday, Thursday and Tuesday (January 17) Asian session, spot gold fluctuated slightly, and is currently trading around $1,910 per ounce. Because last week’s U.S. CPI data showed that U.S. inflation growth slowed down, the U.S. dollar index continued to weaken. On Monday, it hit a seven-and-a-half-month low to around 106.77, and the price of gold once rose to around 1928.88, a new high since April 25. The dollar rebounded, while gold pared gains. .
The market has begun to turn more attention to this week’s Fed officials’ speeches and economic data. There is no important economic data released on Tuesday. Investors need to focus on the U.S. December PPI and U.S. December retail sales data that will be released on Wednesday. The market currently expects PPI data will show signs of further moderation in inflation. Suggestions for ordering:
Enter the market at a high position and go short.
All transactions involve risks, and the above analysis is for reference only. Be sure to set the number of hands and remember to set a stop loss when placing an order.
