Spot gold: range-bound volatility, sell at highs and buy at lows

智通财经2026/09/02 03:36

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

(1) Analysis: The strengthening of the US dollar, rising US Treasury yields, and increased expectations of a Federal Reserve rate hike are jointly suppressing gold. Although geopolitical risks still provide safe-haven demand, inflationary pressures brought by rising oil prices may reinforce expectations of high interest rates. Currently, gold has returned to range-bound volatility. Pay attention to the direction following the non-farm payroll data. If short-term volatility intensifies further, it is not ruled out that previous lows could be tested again. (2) Focus: US Treasury yields, US dollar index, geopolitical situation. (3) Resistance: 4350, 4400, 4430. (4) Support: 4260, 4230, 4200.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

According to internal documents and a person familiar with the matter, Japan's Honda Motor plans to cut costs by over 9 billion dollars in the next four years and has requested suppliers to significantly reduce prices. Honda's management introduced the plan to suppliers at a spring meeting, after which each supplier received a specific cost reduction target for their respective company. The documents show that Honda aims to cut costs by 30% in three key component categories.

智通财经•2026/09/02 04:06

Market news: Honda plans to cut costs by 1.5 trillion yen by 2030.

智通财经•2026/09/02 04:01