《12.10 Financial Events and Their Relation to Gold: The Federal Reserve's Decision as a Core Variable, How Multiple Events Affect Gold Price Trends》
$BNB $XRP $DOGE 1. China's November CPI Year-on-Year (09:30)
• If CPI is below expectations, the market may anticipate further easing of Chinese monetary policy, leading to a temporary decrease in the attractiveness of RMB assets, with funds possibly diverting to gold and other safe-haven assets, providing slight support for gold prices;
• If CPI exceeds expectations, the easing outlook may cool down, having a neutral impact on gold.
2. Speech by Bank of England Governor Bailey (18:45)
• If Bailey signals a continuation of the “rate hike cycle” or “delay in rate cuts,” a stronger pound may indirectly suppress the dollar, thereby supporting gold priced in dollars;
• If dovish signals indicating rate cuts are released, a weaker pound may boost the dollar, putting short-term pressure on gold.
3. U.S. Third Quarter Labor Cost Index Quarterly Rate (21:30)
• This data is a “lagging indicator of inflation” that the Federal Reserve is concerned about: if the data is higher than expected, it means the risk of a wage-inflation spiral has not mitigated, and the market will lower its expectations for Fed rate cuts, strengthening the dollar and negatively impacting gold;
• If the data is lower than expected, expectations for rate cuts will strengthen, putting pressure on the dollar and benefiting gold.
4. Bank of Canada Interest Rate Decision (22:45)
• The Bank of Canada's policy tone will affect the dollar: if it remains hawkish, a stronger Canadian dollar → a weaker dollar, supporting gold;
• If dovish signals are released, a weaker Canadian dollar → a stronger dollar, suppressing gold.
5. EIA Crude Oil Inventory Data (23:30)
• Crude oil is a “leading indicator of inflation”: if inventories increase more than expected → oil prices fall → inflation expectations cool → Fed rate cut expectations rise → benefiting gold;
• If inventories decrease more than expected → oil prices rise → inflation expectations heat up → rate cut expectations cool → negatively impacting gold.
6. Federal Reserve Interest Rate Decision + Powell's Speech (Next Day 03:00/03:30)
• Core impact events:
◦ If the Federal Reserve announces a rate cut + policy statement is dovish, the dollar index will significantly weaken, leading to strong bullish momentum for gold, directly breaking through short-term resistance;
◦ If there is a rate cut but the statement is hawkish, the market will adjust rate cut expectations, and gold may rise initially before falling;
◦ If the rate is maintained, gold will quickly correct due to “failed rate cut expectations,” but after the correction, it will receive support from “the overarching trend towards policy easing remaining unchanged.”
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