December 12 financial events are coming, gold #黄金 market faces multiple data tests
On December 12 (Friday), the international gold market will be hit by a series of significant financial data from multiple countries and speeches from the Federal Reserve. With various factors intertwined, the price trend of gold may face a critical game.
Starting at 15:00, European economies will be the first to release core data. Germany and France will successively publish the final value of the November CPI month-on-month rate. As core economies in the Eurozone, the inflation data from these two countries will directly reflect the price trends in Europe. If inflation performs better than expected, fluctuations in the euro exchange rate will indirectly affect the price of gold denominated in US dollars. At the same time, the UK will release data on the three-month GDP for October, manufacturing output, industrial output, and trade balance, among others. The strength of the UK economic fundamentals will influence the trend of the pound, triggering a chain reaction in the foreign exchange market and bringing short-term volatility to gold.
In the North American session, speeches from the Federal Reserve will become the core focus of the gold market. At 21:00, Federal Reserve Chairman Powell will give a speech on the economic outlook, followed by Harker at 21:30 and Goolsbee participating in a dialogue at 23:35. The statements from multiple officials will reveal the Federal Reserve's latest stance on inflation, employment, and monetary policy. If hawkish signals are released, the US dollar index may strengthen and suppress gold prices; if dovish, it may provide upward momentum for gold. Additionally, Canada's October wholesale sales month-on-month data will reflect the vitality of the Canadian economy, which will indirectly affect the US-Canada exchange rate and the commodity market, also impacting gold's safe-haven demand.
The total number of oil drilling rigs in the US for the week ending December 12, to be released at 02:00 the next day, although focused on the energy sector, can indirectly reflect the activity level of the US economy. If the data shows expansion in the energy sector, it may strengthen market optimism about the US economy, weakening gold's safe-haven buying.
Overall, this intensive release of economic data and speeches from the Federal Reserve will impact the gold market from multiple dimensions including inflation, monetary policy, and economic fundamentals. Investors need to closely monitor the data release and statements, and be alert to significant market fluctuations. ##美国初请失业金人数 #美联储降息预期升温 #Token2049新加坡 #ETH走势分析
