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Gold Daily | Gold Rebounds 0.7% Amid Fed Meeting Minutes Focus and Technical Support at $3,295
Generated by AI AgentAinvest Market Brief
Wednesday, May 28, 2025 8:01 am ET1min read
【Latest Gold Price and Recent Trends】
International gold prices rose by 0.7% to $3,324 after a sharp decline, as investors bought on dips. The focus is on the Federal Reserve's latest meeting minutes and upcoming economic data to gauge U.S. rate outlooks.
【Technical Analysis】
Gold is trying to hold the key daily support near $3,295. The 14-day RSI suggests a favorable outlook for bulls if it remains above the midline. Buyers need to defend the $3,295 area, a convergence of the 21-day SMA and a Fibonacci retracement. If breached, gold could test $3,232 and further fall to $3,217.
【Market Sentiment and Economic Background】
The market awaits the Fed meeting minutes, which may provide signals on monetary policy. Meanwhile, the risk sentiment improved due to trade and bond market relief, affecting gold's safe-haven appeal. Strong U.S. consumer confidence data and hawkish Fed comments also put pressure on gold prices.
【Analyst Opinions】
Jigar Trivedi notes the gold rebound is driven by buying on dips and anticipates Fed minutes. Han Tan suggests low PCE data could ease stagflation concerns, potentially boosting gold. Valeria Bednarik sees gold holding the $3,300 level as crucial for resuming upward momentum, and the market is waiting for Fed minutes to provide policy clarity.
International gold prices rose by 0.7% to $3,324 after a sharp decline, as investors bought on dips. The focus is on the Federal Reserve's latest meeting minutes and upcoming economic data to gauge U.S. rate outlooks.
【Technical Analysis】
Gold is trying to hold the key daily support near $3,295. The 14-day RSI suggests a favorable outlook for bulls if it remains above the midline. Buyers need to defend the $3,295 area, a convergence of the 21-day SMA and a Fibonacci retracement. If breached, gold could test $3,232 and further fall to $3,217.
【Market Sentiment and Economic Background】
The market awaits the Fed meeting minutes, which may provide signals on monetary policy. Meanwhile, the risk sentiment improved due to trade and bond market relief, affecting gold's safe-haven appeal. Strong U.S. consumer confidence data and hawkish Fed comments also put pressure on gold prices.
【Analyst Opinions】
Jigar Trivedi notes the gold rebound is driven by buying on dips and anticipates Fed minutes. Han Tan suggests low PCE data could ease stagflation concerns, potentially boosting gold. Valeria Bednarik sees gold holding the $3,300 level as crucial for resuming upward momentum, and the market is waiting for Fed minutes to provide policy clarity.
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Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.
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Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
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