【Today's Pick】
The month-on-month growth rate of the US CPI unexpectedly accelerated in NovemberYellen: Rising real interest rates could affect the Fed's interest rate pathEIA lowered its forecast for this year and next year's oil in the United States and Burkina
**The Economic Work Conference has deployed a number of key tasks
**Cyberspace Administration of China: Carry out a clear and rectification of short** information content orientation
Wanda's 38 billion yuan VAM crisis was lifted
[Market Inventory].
On Tuesday, the unexpected acceleration of the month-on-month growth rate of the US CPI in November hit the market's expectations of a rate cut, and the US Treasury yields rose intraday**, and the medium and long-term US Treasury yields re-fell after the announcement of the 30-year US Treasury auction resultsThe yield on the 10-year Treasury noteClosed 4202%；More sensitive to the Fed's policy rateTwo-year Treasury yieldsClosed 4735%。U.S. dollar indexIt refreshed its daily high after the release of the CPI data, but then gave up gains and eventually closed down 0259% at 10382。
In stock**It rose first and then fell, once falling below the 1980 mark, and finally closed down slightly by 002% to 1980$96 an ounce, still hovering at a three-week low;In stock**It closed down 01% at 22$77 oz.
In stock**
Gold aspect:
Yesterday (December 12) evening, the US November inflation data was released, and the CPI recorded an annual rate of 31%, consistent with the expected value, lower than 32% of the previous value;The monthly rate was recorded at 01%, higher than 0% of the previous and expected values. The core CPI annual and monthly rates were in line with expectations, meaning that November's inflation was in line with expectations. In terms of items, there is a trend of higher energy prices and higher service prices.
Combined with last week's non-agricultural data, it increases the likelihood of a "hawkish pause" and offsets the probability of a larger rate cut in 2024. Some analysts believe that it is not a good report for the US Federal Reserve, and can only represent the possible end of the price rise since the epidemic, and the current potential inflation is closer to 3% than 2%.
Technical:
Gold's bearish trend since last week is obvious, and the rebound is weaker, but it may be in the end. During the day, the upper side is focused on the resistance of $1992, and the support of $1972 and $1964 is focused below.
The foreign exchange market is risky
Proceed with caution
The above is only a personal opinion and should not be used as a basis for operation.