Spot gold: range consolidation, buy on dips, sell on rallies

智通财经2026/10/07 01:36

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(1) Analysis: Bond yields have fallen from their highest levels since 2002 to around 5.29%. Combined with lower oil prices and a slightly weaker US dollar, these factors are supporting gold prices, which are currently consolidating around $4,150. CME data shows about a 79.5% probability that the Federal Reserve will hold rates steady in October, with concerns over rate hikes easing. However, with the FOMC minutes approaching and Fed officials maintaining a hawkish stance, persistent inflation is capping the upside. Gold remains below the 100-day moving average, with the price mainly ranging in a consolidation phase. (2) Key focus: US bond yields, US dollar index, geopolitical situation, FOMC minutes. (3) Resistance: 4,180, 4,200, 4,230. (4) Support: 4,130, 4,100, 4,080.

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(1) Analysis: Bond yields have retreated from their highs since 2002 to around 5.29%. In combination with falling oil prices and a slightly weaker US dollar, this has provided support for gold prices, with spot gold consolidating around $4,150. CME data shows the probability of the Federal Reserve holding rates steady in October is about 79.5%, and concerns over rate hikes have eased. However, with FOMC minutes approaching and Federal Reserve officials remaining hawkish, sticky inflation continues to cap the upside. Gold prices remain below the 100-day moving average and are mainly fluctuating within a range.(2) Key focus: US bond yields, dollar index, geopolitical situation, FOMC meeting minutes(3) Resistance: 4,180, 4,200, 4,230(4) Support: 4,130, 4,100, 4,080;

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Spot gold: range consolidation, buy on dips, sell on rallies

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