In this week's global risk - of - risk model, gold is again weighing the test of a pound of data.

In the Asian market on Monday (March 26th), spot gold continues to strengthen and refreshes $1350.79 / ounce for more than a month, and is currently in the vicinity of $1345. Last Friday (March 23rd), under the shadow of the escalation of Sino US trade friction, funds fled from the stock market and other risk assets and poured into the gold market. This prompted gold prices to go up by more than 1.3% on that day, and rebounded from over 1307 US dollars to 40 dollars in the week.
This week, the financial market is still heavy. With the exception of many Fed officials, the US will also announce its personal income and expenditure data in February. The core PCE price index is attracting much attention. This index is one of the favorite inflation indicators of the Federal Reserve. With geopolitical risks, gold prices are expected to look at $1400 / oz, analysts expect.
Although this week's trading day is shortened due to Jesus's Friday's holiday on Friday (March 30th), there are many Fed officials' speeches and economic data. The most notable concern is the US's personal income and expenditure data in February. In addition, the volatility of the political and financial markets may once again exceed the impact of economic factors.
On Wednesday, the United States will announce the final GDP annual rate of the fourth quarter of the United States and the end of the annual rate of the core PCE price index in the fourth quarter of the United States. PCE is the inflation indicator that the Federal Reserve is concerned about. Carl Riccadonna, Bloomberg economist, pointed out that in February, consumer spending and inflation rate showed a moderate expression, which again implied that the GDP performance in the first quarter will be relatively weaker than the trend level.
The trend of inflation will be a key factor in determining the Fed's pace of interest rate hikes. The previous non-agricultural reports showed that the average annual salary increased to 2.6% in February, while the growth rate of 2.9% in January was 2.8%, while the growth rate of another inflation index did not exceed expected. In February, CPI increased by 2.21% compared with the same period last year, and the core CPI increased by 1.85% over the same period last year.
Last week's FOMC statement acknowledged that recent consumer activities were mild, but the labor market was strong, suggesting that consumer activity would soon be re - accelerated.