💥The precious metals market rallies again, with gold and silver both rising, bulls firing on all cylinders
International spot gold $XAU strongly breaks through the 4300 USD/ounce integer level, currently at 4302.23 USD, up 1.30% intraday. Spot silver $XAG is even more aggressive, directly breaking through 60 USD, surging over 3.3% in a single day. The gold ETF benchmark GLD also rose in pre-market trading on US stocks
The sharp drop in crude oil has eased inflation concerns, basically ruling out the possibility of a Fed rate hike. Market funds quickly reprice rate cut expectations, bringing direct benefits to interest-free assets
🧠 Funds haven't left the market; they're just looking for reasons to re-enter on dips
Recent geopolitical tensions and high oil prices caused market volatility, but as oil prices fell, funds immediately rushed to buy gold. This shows the main players never left and have a strong desire to bottom-fish
The 4000-4200 USD support has turned into a strong base
Whether it's the ongoing global central bank purchases or net inflows from Asian funds, the bottom support is extremely solid. With the 4200 USD level decisively broken by bulls, the key support has further moved up.
🔮 Market outlook prediction
▶️ Short-term view: Breakthrough and consolidation
After breaking the 4300 USD integer level, the short term enters an acceleration and confirmation phase. If the upcoming US nonfarm payroll data this week shows slight weakness, the probability of stabilizing above 4300 USD and opening a new upward channel is very high
▶️ Medium to long-term view: Trend
De-dollarization and macro hedging remain the underlying logic. Any obvious pullback caused by short-term profit-taking is a buying window for long-term funds
💡 Trading advice
Currently, it is not recommended to blindly chase highs at this advanced level. Focus on observing the stability and pullback confirmation around the 4300 USD level. After the market effectively tests the lower support, gradually build positions in batches to increase win rate and comfort
This is not investment advice DYOR
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