Just as Chinese President Xi Jinping began his state visit to the United States, US Treasury Secretary Bessenter announced a two-month extension of the US-China trade truce until January 10, 2027. This should alleviate investor concerns about a short-term escalation of tensions between the two countries, and should boost the willingness to take risks and buy gold at lower prices. However, US crude oil prices have also gradually climbed above $91 per barrel. If US crude oil prices continue to rise in the short term, investors’ negative sentiment regarding the possibility of interest rate hikes at the Federal Reserve’s last two policy meetings this year will increase, potentially suppressing the rise in gold prices.

Gold prices may fluctuate between $4,253 and $4,340 in the short term. Pay close attention to buying opportunities at the lower end of this range, as there is potential for a short-term rebound. $4,233 can be considered an important price support level; be sure to manage risk accordingly.

Risk Warning: This article is for market analysis purposes only. Price ranges and levels mentioned are for market observation and do not constitute investment advice. Precious metal prices are highly volatile; please make independent and prudent decisions and manage your own risk.

Gold price chart (1 hour):

Ferris Kwok

Chief Analyst
Success Finance Group

Email: ferris.kwok@successfn.com