Spot gold: range consolidation, buy on dips, sell on rallies
智通财经2026/10/07 01:36(1) Analysis: Bond yields have fallen from their highest levels since 2002 to around 5.29%. Combined with lower oil prices and a slightly weaker US dollar, these factors are supporting gold prices, which are currently consolidating around $4,150. CME data shows about a 79.5% probability that the Federal Reserve will hold rates steady in October, with concerns over rate hikes easing. However, with the FOMC minutes approaching and Fed officials maintaining a hawkish stance, persistent inflation is capping the upside. Gold remains below the 100-day moving average, with the price mainly ranging in a consolidation phase. (2) Key focus: US bond yields, US dollar index, geopolitical situation, FOMC minutes. (3) Resistance: 4,180, 4,200, 4,230. (4) Support: 4,130, 4,100, 4,080.
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