---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38619090.md"
description: "Gold: Mainly fluctuating, focus on US January CPI, non-farm payrolls and other data to determine the strength of interest rate cut expectations; technical resistance at $5100-5150, support at $4900-5000."
datetime: "2026-02-09T18:13:04.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38619090.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38619090.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38619090.md)
author: "[就陪你去看海](https://longbridge.com/en/profiles/9801258.md)"
---

# Gold: Mainly fluctuating, focus on US January CPI,…


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## Comments (4)

- **在云上爱上你 · 2026-02-09T18:17:10.000Z**: Given the significant gains in the earlier period, there is a risk of a 5%-20% pullback. Be cautious of high volatility at elevated levels.
  - **就陪你去看海** (2026-02-09T18:18:18.000Z): If inflation rebounds and interest rate cuts are delayed or fall short of expectations, the price of gold will experience a short-term pullback.
- **在云上爱上你 · 2026-02-09T18:14:33.000Z**: The probability of a volatile upward trend is high. Expectations of a Fed interest rate cut + continued gold purchases by central banks (the People's Bank of China has increased its holdings for 15 consecutive months) + the supply-demand gap (approximately 320 tons by 2026) support a shift upward in
  - **就陪你去看海** (2026-02-09T18:15:39.000Z): Hitting a new high is highly probable. During interest rate cut cycles, gold has historically gained an average of 25%-30%; de-dollarization, geopolitical risks, and growing industrial demand (AI, sem