• Zhang Jinlei: U.S. GDP data is expected to be negative and gold will fall

    On April 25, gold had a volatile market yesterday. As expected, it basically fluctuated in the range of 2335-2310. Both long and short made profits. It only slightly refreshed the intraday high of $2336 in the evening, but then fell quickly. Spit out gains. In the end, gold price closed at $2,315, and the daily line closed at 3 consecutive negative levels. On Thursday (April 25), the price of gold briefly fell into a volatile market after a sharp rise and fall, mainly because the risk premium caused by tensions in the Middle East has eased, and the market is also paying close attention to the U.S. financial data to be announced later this week. Economic data, which could provide clues on the Fed\’s path to raising interest rates. In particular, tonight\’s GDP data is also a top priority. It can be said that the price of gold is now in a narrow range, but market sentiment is still affected by short-term economic data. Tonight\’s GDP data and tomorrow night\’s PCE data are both important. However, as far as the…

    US stock news April 25, 2024