April 27 Wenjie Gold Evening Review
Today, gold generally surged and then pulled back, with a slight rebound during the day but lacking upward momentum. Overall, it is in a high-level weak consolidation, with market sentiment heavily cautious.
Fundamental aspect: The US dollar and US Treasury yields remain strong, with rate cut expectations delayed, continuously suppressing gold prices; combined with tomorrow’s PCE data and Federal Reserve decision approaching, funds are generally cautious, making it difficult to see a unilateral upward move in the short term, only geopolitical and central
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