💥 The precious metals market surged again, with gold and silver both rising and bulls going all out
International spot gold $XAU strongly broke through the $4,300 per ounce integer mark, currently quoted at $4,302.23, up 1.30% intraday. Spot silver $XAG performed even more aggressively, breaking through $60 and surging over 3.3% in a single day. Gold ETF benchmark GLD also surged in sync before the US stock market opened
The sharp drop in crude oil has suppressed inflation concerns, effectively ruling out the possibility of a Federal Reserve rate hike. Market funds quickly resumed trading rate cut expectations, and non-interest-free assets received direct positive effects
🧠 Funds haven't left; they're just trying to find reasons to step in
A few days ago, the Tianyuan situation and high oil prices caused market turmoil, but as soon as oil prices fell, funds immediately rushed to buy gold. This shows that the main players haven't left at all, and the desire to buy the dip is very strong
Support at $4000-4200 has turned into a strong bottom
Whether it's the backdrop of continued global central bank buying or net inflows from Asian capital, the bottom support is extremely solid. With the $4200 level breached by bulls in one move, key support levels have moved further upward.
🔮 Market outlook predicted
▶️ In the short term, it's about breakthroughs and holding firm
After breaking through the $4,300 threshold, the short-term market entered an accelerated rally and confirmation phase. If the upcoming US nonfarm payroll data weakens slightly this week, the probability of holding above $4,300 and opening a new upward channel is very high
▶️ Looking at the trend in the medium to long term
De-dollarization and macro risk aversion remain the underlying logic; any obvious pullback caused by short-term profit-taking is a window for long-term capital to build positions
💡 Operational advice
Currently, it is not recommended to blindly chase the high price at this high; it is advised to focus on the consolidation and confirmation of the $4300 level and the pullback. Once the market retests the support below and becomes effective, then gradually deploy in batches, the chances of winning and comfort will be much higher
Non-investment advice for DYOR
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