📉Gold Continues to Decline, Powell + Terrifying Data Coming, Beware of a Shock Tonight!!!
Gold prices fell for the second consecutive day, with the Asian market losing 3150, hitting a new low in a month. Easing trade tensions + significantly reduced expectations for interest rate cuts, U.S. Treasury yields surged, dampening safe-haven demand.
Tonight at 20:30, retail sales + PPI dual data will be released, and at 20:40, Powell will deliver a speech. The core focus: will he reaffirm a hawkish stance and how will he evaluate inflation targets and policy framework.
Market sentiment is tense; if Powell reinforces the attitude of “maintaining high interest rates,” gold may face further corrections.
Tonight is not only a night of data but also a night of direction.
