According to a report by Deep Tide TechFlow, analyst Giuseppe Dellamotta pointed out that gold has recovered the losses from last week within a few days, possibly due to severe fluctuations in Asian currencies. As authorities intervene in the foreign exchange market, safe-haven demand may slow down.
The Federal Reserve's FOMC decision early Thursday morning may pose risks to gold bulls. The market has aggressively bet on a dovish shift, and the Federal Reserve may release hawkish signals to correct expectations. In the medium to long term, the upward trend of gold remains unchanged, with real yields expected to continue declining.
Short-term risks include progress in trade tensions or a hawkish stance from the Federal Reserve, which may lead to a pullback in gold as the market re-prices.