Yichen: Cliff Dive! Gold Pierces Key Support, Bears' Feast Begins!
From a news perspective, Federal Reserve Chair Powell's latest remarks reinforce the stance of "not easing rates before inflation falls," combined with US core inflation data exceeding expectations, the market is re-pricing the monetary tightening path. US Treasury yields and the US dollar index are rising in tandem, directly suppressing the valuation of non-yielding assets like gold. Meanwhile, although Middle East geopolitical conflicts continue to simmer, risk-off funds have shifted from gold to high-yield US Treasuries. The
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