Overnight Market Review On Tuesday (January 3) in Asia, spot gold opened higher and then fluctuated. It once touched around US$1,832.36/oz and is currently trading at around US$1,830/oz. On the one hand, major investment banks predict that the US economy will Recession, the Fed’s policy will gradually shift in 2023, and technical and fundamental aspects show that the dollar still has further downside risks, providing support for gold prices.
This week will usher in the meeting minutes of the Federal Reserve’s December interest rate decision, as well as the U.S. December non-agricultural employment report. At the same time, the U.S. ISM manufacturing and non-manufacturing PMI data for December will be released, which will have a great impact on the market. Investors need to focus.
Trading strategy suggestion: do more at low positions
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.