Faster global financial news!
Bespoke and HSBC analysts warn that gold is technically overbought after an approximately 8% gain in August, and a less-than-dovish US July CPI data tonight could trigger profit-taking.
Bespoke Investment Group pointed out that gold prices closed above one standard deviation from their 50-day moving average for the first time since March 10, entering overbought territory. Historical data shows that gold prices on average decline after such signals. James Steel, Chief Precious Metals Analyst at HSBC, stated in an August 11 report that gold's upward trend structure remains intact, but $4500/ounce constitutes strong resistance, and the market may need to consolidate. HSBC US Economist Ryan Wang expects July core CPI year-over-year growth to slightly decline from 2.6% to 2.5%.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
Previous: Panama Canal tolls hit a record high, with the average daily auction price for common locks reaching US$1.1 million in August, due to the dual impact of El Niño and the closure of the Strait of Hormuz.
|
Next: SpaceX AI, a subsidiary of Elon Musk's SpaceX, launched its AI agent product, Grok Bot, on August 11th. Grok Bot can process work across applications like a real colleague, and its launch is directly related to SpaceX's acquisition of Cursor for $60 billion.
24H Trending
-
1
RLTY Token and RLTY Fund: Current Status and Outlook Analysis Under Multiple Meanings
-
2
Anthropic Files for IPO: Targets $4.6 Billion Revenue, $8.06 Billion Operating Loss in 2025, Aiming for Over $2 Trillion Valuation
-
3
U.S. Representative Ro Khanna to Introduce AI Safety Bill: Prohibits Recursive Self-Improvement in AI, Establishes New Regulatory Body, Imposes Criminal Penalties for AI Models Committing "Crimes Against Humanity"
-
4
Goldman Sachs' board has discussed plans to appoint John Waldron as the next CEO.
-
5
OpenAI abandons plan to release upcoming model GPT-6.1 Astra due to safety concerns
-
6
Jim Cramer: AMD's Strong Rally Not Over Yet, Expects Agency AI to Drive CPU Demand
-
7
BOSS Wallet: Decentralized Multi-Chain Wallet Features Analysis and Risk Warning
-
8
Bitcoin vs. Ethereum: In-Depth Analysis of Core Differences, Technical Evolution, and Market Positioning
-
9
The Impact of Central Bank Digital Currencies on Monetary Policy: Global Progress and In-depth Analysis
-
10
Wallstreetcn Analysis: 10-year U.S. Treasury yield breaks above 5% and surpasses S&P 500 earnings yield, making bonds the most attractive in 25 years.
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
