Gold once hit $2,720; the Fed’s December interest rate cut is almost a certainty!

Hot spot tracking

• The year-on-year growth rate of the U.S. non-seasonally adjusted CPI rebounded further in November, rising to 2.7% for the second consecutive month. The core consumer price index in the United States in November increased by 3.3% year-on-year and 0.3% month-on-month, all in line with expectations. The market has strengthened expectations that the Federal Reserve will cut interest rates by 25 basis points in December. Bullish for the U.S. dollar and U.S. stocks.

• It is reported that Bank of Japan officials are open to raising interest rates in December. The Japanese yen has since fluctuated sharply by nearly 100 points. This news is bullish for the yen.

• U.S. officials: Russia may launch another experimental Hazel missile into Ukraine in the coming days. This news is bullish for crude oil.

Product Hot Comment

• Forex

• ProductYesterday's ChangeYesterday's CloseToday's OpenEUR/USD▼-0.30%1.049621.04974GBP/USD▼-0.17%1.275031.27502AUD/USD▼-0.15%0.637170.63744USD/JPY▲0.33%152.44152.423GBP/CAD▼-0.31%1.805111.80446NZD/CAD▼-0.46%0.818660.81893

• 📝 Review:On Wednesday, the U.S. dollar index stood firmly above the 106 mark and finally closed up 0.23% at 106.65. U.S. bond yields continue to rise. The yield on the two-year U.S. Treasury note closed at 4.157%, and the yield on the 10-year U.S. bond closed at 4.275%.

• 🕵️ Operation suggestion:USD/JPY 152.125 Buy Target Price 152.938

• Gold

• ProductYesterday's ChangeYesterday's CloseToday's OpenGold▲0.89%2718.082717.68Silver▲0.05%31.931.815

• 📝 Review:Spot gold once hit $2,720 during the session as U.S. CPI data for November was in line with expectations, increasing the possibility that the Federal Reserve will cut interest rates next week. It finally closed up 0.89% at $2,717.44 per ounce. Spot silver closed up 0.02% at $31.89 per ounce. In addition, gold and silver experienced a large futures-to-spot price difference during the Asian session. Financial institutions believe that market liquidity problems are the "culprit".

• 🕵️ Operation suggestion:Gold 2720.16 Sell Target Price 2681.11

• Crude Oil

• ProductYesterday's ChangeYesterday's CloseToday's OpenWTI Crude Oil▲2.61%69.96169.98Brent Crude Oil▲2.04%73.35973.387

• 📝 Review:Oil rose more than 2% as the European Union agreed to impose a new round of sanctions on Russian oil exports, which may tighten global crude supplies. WTI crude oil rose sharply, once standing above the $70 mark during the session, and finally closed up 2.62% at $69.96/barrel; Brent crude oil closed up 2.07% at $73.36/barrel.

• 🕵️ Operation suggestion:WTI Crude Oil 69.934 Sell Target Price 67.993

• Indice

• ProductYesterday's ChangeYesterday's CloseToday's OpenNasdaq 100▲1.63%21743.6521735.38Dow Jones▼-0.34%44153.344127S&P 500▲0.64%6079.056077.15US Dollar Index▲0.22%106.51106.51

• 📝 Review:The Dow Jones Industrial Average closed down 0.22%, the S&P 500 Index rose 0.82%, and the Nasdaq Composite Index rose 1.77%, surpassing the 20,000-point mark for the first time. Tesla (TSLA.O) and Google (GOOG.O) both rose more than 5.5% and hit new highs. Musk became the first rich man with a net worth of more than US$400 billion. Nvidia (NVDA.O) rose 3%. The Nasdaq China Golden Dragon Index closed down 0.74%, Tencent Music (TME.N) fell 5.7%, and Alibaba (BABA.N) fell nearly 1%.

• 🕵️ Operation suggestion:Nasdaq 100 21725.380 Buy Target Price 21815.940

• Crypto

• ProductYesterday's ChangeYesterday's CloseToday's OpenBitCoin▲4.79%101461.2101158.1Ethereum▲5.35%3825.73833Dogecoin▲6.29%0.417330.41617

• 📝 Review:The recent 4-hour K-line chart shows that the price has increased significantly compared with 16:00 on December 10, 2024. In terms of trading volume, there has been a decrease in trading volume recently. The simultaneous decline in price and trading volume may mean that market activity is reduced and transactions are quieter. A top pattern has formed on Bitcoins daily chart, which could signal that the market will remain in a bearish trend in the short term.

• 🕵️ Operation suggestion:BitCoin 100868.0 Buy Target Price 104777.0