News

```htmlJinse Finance reported that on June 26, under the dual pressure of a strengthening US dollar and market expectations that the Federal Reserve will adopt a more hawkish policy to curb inflation, spot gold is set to decline for four consecutive weeks this week—the longest losing streak since August 2023. On Friday, Asian technology stocks fell again, with volatility persisting, which further pressured some investors to sell gold to offset losses in other assets in their portfolios.```

Jinse Finance reported that on June 26, the Euro Stoxx 50 Index opened down 0.4%, the German DAX Index down 0.6%, the UK FTSE 100 Index down 0.2%, and the French CAC40 Index down 0.2%. (Cailian Press)

(1) RHB Retail Research analyst Aiman Kamil Bin Ahmad Shauqi stated in a report that the overall technical outlook for NYMEX gold futures remains bearish, with the Relative Strength Index on the daily chart trending below the 50% threshold. (2) The analyst pointed out that if the bearish momentum persists over the next few trading days, gold futures may break below the $4,000 per ounce support level and further test the $3,700 per ounce support; on the upside, the initial resistance is at $4,400 per ounce. (3) Spot gold rose 0.1%, quoted at $4,029.67 per ounce.