[8.31 Zhishui Precious Metals Morning Review] Dollar Index fell to lift Precious Metals and Precious Metals short-term shock upside

SMM News: I. changes in macroeconomic policies:

1. Federal Reserve Chairman Colin Powell focused his speech. Inflation target: inflation is expected to grow by an average of 2% over a period of time, and no formula is provided to define the average inflation rate of 2%. Any excess inflation will be moderate; employment target: the downside risk of employment has increased, putting employment before inflation, seek to ensure that employment will not fall below the maximum level, will not set employment targets; Federal interest rate: there will be a public review of policy strategies over the next five years, and the federal funds rate is likely to be constrained by the effective floor more frequently than in the past; in other areas: progress is being made on the main Street project; except in the areas affected by the epidemic, the economy remains healthy; the problem lies in the real economy, not the financial sector.

two。 Japanese Prime Minister Shinzo Abe has announced his formal resignation as prime minister of Japan. According to Japan's NHK News reported earlier, Abe hopes to avoid the deterioration of his own chronic diseases and affect the state of affairs.

two。 Market performance:

Gold rose moderately in the previous session, with a high of $1973 / oz and a low of $1923 / oz to close at $1964 / oz.

three。 Position analysis:

Gold and silver CFTC non-commercial net long positions are in the middle and high level, and the risk of long positions is gradually accumulating.

Fourth, technical analysis:

5. Focus on Today

Six. direction suggestion:

Gold

Silver

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