Hawkinsight APP - December 29 (Friday) Asian morning market, stimulated by a small increase in U.S. preliminary data, spot gold rose slightly in early Asian trading。

Market Review

On Thursday (December 28), spot gold prices fell back, having previously hit a three-week high of 2088.$29 an ounce, down 0 in late trading.4%, at 2069.$79 / oz。Dollar Index Up 0 on Thursday.3%, and the yield on the benchmark 10-year bond also rose, moving away from its lowest level since July.。

Spot gold up 0 in the day as of press time.07% at 2068.$33 / oz; dollar index down 0 on day.08%, reported 101.15。

important news

U.S. mortgage rates fall to new lows since May: U.S. mortgage rates continue to fall, ending the year at their lowest level since May。Freddie Mac said in a statement Thursday that the average rate on a 30-year fixed loan is 6..61%, down from 6 last week..67%。

U.S. initial claims data slightly increased: the U.S. Labor Department reported 21 U.S. initial jobless claims..80,000, up slightly from last month。The expected value is 210,000。The four-week moving average is 21.20,000, the lowest since the end of October last year。

l China's gold imports from Hong Kong increase: China's gold imports from Hong Kong reportedly rose 37% in November after the People's Bank of China eased some import restrictions to meet expected demand for the Lunar New Year。

l Central bank "gold rush" unabated: Ing noted that central banks have been buying the commodity at a "record pace" in the gold market this year, resisting the downward trend of the dollar。

l CME "Fed Watch": Fed keeps interest rates at 5 in February next year.25% -5.The probability of the 50% interval being constant is 83.5%, the probability of a 25 basis point rate cut is 16.5%。The probability of keeping interest rates unchanged by March next year is 11..7%, with a cumulative probability of a 25 basis point cut of 74.1%, with a cumulative probability of a 50 basis point rate cut of 14.2%。

Technical analysis

Rémy GAUSSENS, director of research at TRADING CENTRAL, said that on the 30-minute line, spot gold is expected to fall restrictively during the day.。Technical analysis for RSI technical indicators bearish, there is a further downward trend。

Trading Strategy: In 2076.00 below, bearish, target price of 2060.00, then 2051.00; alternative strategy: in 2076.00, bullish, target price set at 2082.00, then 2088.00。Support level: 2051.00, 2046.00; resistance level: 2082.00, 2088.00。

This week's important schedule

Friday, December 29

08: 30 U.S. to December 23 Initial jobless claims (10,000)

10: 00 Monthly Rate of US Existing Home Contract Sales Index for November

Saturday 30th December

09: 45 US December Chicago PMI

* * The above schedule is US Eastern Time (UTC-05: 00) * *