Federal Reserve Chairman Jerome Powell spoke on Wednesday and did not comment on monetary policy or the economic outlook. Powell will continue to make remarks on Thursday. If he continues to express the same view as at the October interest rate meeting - that high interest rates will be maintained for a long time, then gold may continue to be under pressure.
Observing the chart, gold may rebound briefly today and then continue to fall.
Observing the chart, gold may rebound briefly today and then continue to fall.
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Still falling
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The key support level of 1940, if it falls below, will further increase the decline.
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The 1930 key support area, if it falls below, there will be a greater decline.
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Today the United States will announce the October CPI annual interest rate, be careful of the roller coaster trend of gold.