Overnight market review Tuesday, Thursday (January 12) and Friday (January 13) during the Asian session, spot gold fluctuated within a narrow range and is currently trading around $1,897.80 per ounce, holding most of the overnight gains. On Thursday, U.S. CPI data showed cooling inflation, boosting market bets on the Fed’s slowdown in rate hikes. The U.S. dollar index fell nearly 1% and hit a seven-month low. U.S. bond yields also weakened sharply to a near The four-week low helped gold prices rise to near the 1900 mark. So far this week, gold prices have risen 1.6%, and the weekly line is expected to record four consecutive positives.
Investors see about a 90% chance of a 25 basis point rate hike to a range of 4.50% to 4.75% at the next Fed meeting.
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.