Tonight's Gold Market Outlook! U.S. Unemployment Claims Data to Drop, Bulls and Bears Battle at the $4440 Level



At 21:30 tonight, the U.S. initial jobless claims for the week ending January 3 will be released, with market expectations at 215,000 and the previous value at 211,000. As a key reference for Federal Reserve policy adjustments, this employment "barometer" will directly influence the gold market. Currently, gold prices are oscillating at high levels, awaiting a breakout, and the bulls and bears are engaged in a fierce battle!

Even if short-term data causes fluctuations, the underlying logic for medium- and long-term gold price increases remains solid:

Interest rate cut cycle is imminent: The December Federal Reserve meeting minutes clearly signal easing, with most officials agreeing to continue rate cuts after inflation targets are met. Expectations for a rate cut in March are rising, and a low-interest-rate environment provides fundamental support for gold prices.

Geopolitical risks boost safe-haven demand: Escalating geopolitical tensions between the U.S. and Venezuela have heightened risk aversion in global capital markets. The safe-haven attribute of gold continues to be activated, making it a "safe harbor" for funds.

Central bank gold purchases strengthen support: The People's Bank of China has increased its gold holdings for 14 consecutive months. The global trend of central bank gold buying continues, combined with inflows into gold ETFs, providing solid support for gold prices.

Amin reminds: Data and market fluctuations are rapid and large in scope. Be sure to control your positions, avoid blindly chasing gains or selling in panic, and wait for clear signals before taking action!
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