SukiCooper, an analyst at Standard Chartered Bank, said: "The fact that the price of gold is currently close to $65,438+$0.475 shows that people's interest in the gold market is still strong. Although we have seen some risk preferences after finalizing the first-phase trade agreement, there are still other uncertainties in the political prospects of the United States. "
According to foreign media reports, the Judiciary Committee of the US House of Representatives approved two impeachment clauses last Friday, accusing President Donald Trump of abusing his power and obstructing Congress, and set a vote for all members of the House of Representatives this week for the Democratic Party's efforts to promote his recall.
If all members of the House of Representatives approve either of these two charges, Trump will become the third American president to be impeached. Then, the matter will be transferred to the Senate controlled by * * * and political parties, but it is expected that the voting result there will not reach the two-thirds of the votes needed to recall Trump. According to American law, impeachment cases are proposed by the House of Representatives and tried by the Senate. The Senate needs at least two-thirds of the members to support impeachment before Trump will be removed.
Regarding the next trend of gold price, Phillip Streible, senior market strategist of RJ Futures, said that this week will be the last complete trading week of this year, which means there are still "considerable trading volume" and "considerable participants". Streible added that he would be more optimistic about the price of gold only when it closed above 149 1.60.
Bill baruch, president of Blue Line Futures Company, said: "Gold has done a good job in forming the bottom. We continue to strive for 1460 USD. This is constructive and cannot but attract attention. This is a strong technical support, because we are entering the seasonal bull market period of the year, which will start in a week or so. Generally speaking, provide technical support. There are still many uncertainties in the market. I think gold should go higher. However, more short-term catalysts are needed. "
In addition, the recently released weekly gold survey shows that after the release of the report on the signing of the first phase agreement between China and the United States, Wall Street has different views on the trend of gold this week, while most ordinary investors are bullish.
In the Wall Street survey, 16 market professionals participated in the survey. 6 people or 38% think that gold will rise; 6 people or 38% think that the price of gold will fall; 4 people or 3 1% think that the price of gold will consolidate. Market participants include gold traders, investment banks, futures traders and technical analysts. There are 704 ordinary investors who participated in the online survey, of which 456 or 65% think that gold is still bullish, 144 or 20% are bearish; 104 or 15% remain neutral.
Adrian Day, chairman and CEO of Adrian Day Asset Management Company, predicted that gold will remain unchanged this week, although he is full of confidence in the future development.
Dai said: "Johnson's overwhelming victory in Britain has made it more likely that some form of Britain's exit from the EU (though imperfect) will be realized, thus eliminating the great uncertainty between the EU and Britain. The weakening of tariffs is another drag on gold. However, next year, monetary policy will remain weak and we are likely to see more quantitative easing and lower interest rates, which will make gold shine. "