Gold Trading Reminder: Gold Prices "Blood Battle" at High Levels, HSBC Calls for Breaking 5000 in the First Half of the Year, Non-Farm Payrolls Night Could Trigger a Bull-Bear Showdown!

Gold experienced a strong rebound after an early dip, ultimately closing near $4,477.28 per ounce, up about 0.5%.
During the session, it briefly touched an intraday low of $4,407.73, reflecting cautious sentiment in the market amid high-level fluctuations.
Although gold has stabilized above $4,400, it still faces certain short-term pressures, mainly from the annual reweighting of the Bloomberg Commodity Index.
This adjustment mechanism aims to better align the index with market realities, but since its launch this week, it has exerted noticeable selling pressure on precious metals like gold and silver.
Market strategists point out that such index rebalancing often triggers passive fund selling, causing short-term pressure on gold prices, but this is more of a technical factor rather than a sign of fundamental deterioration.
On Friday, January 9th, during Asian morning trading, spot gold fluctuated at high levels, currently trading at $4476.51 per ounce.
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