#以太坊大户持仓变化 $XAU Economic data week is coming, and gold and silver prices are about to be directed.

This week’s economic calendar is packed. Multiple major data releases will clearly define the market direction. Although these reports are not specifically targeted at gold and silver, they will directly influence short-term price movements by changing market expectations and capital flows.

First, look at the growth rate of money supply. This data is particularly critical for judging future inflation trends. Once the growth rate exceeds expectations, market concerns about inflation will intensify — at this point, the hedging value of gold is reflected, and buying interest naturally follows.

The results of the US 10-year Treasury bond auction cannot be ignored. The winning bid rate and bid-to-cover ratio directly reflect investors’ views on the future interest rate path. There is a classic logic here: Treasury yields usually move inversely to gold prices. When yields go up, gold attractiveness decreases; when yields go down, gold has the momentum to rise.

The investor confidence indices for the Eurozone and Switzerland are released simultaneously. These two data points represent market participants’ outlook on the economy. Weak data triggers risk-averse sentiment, benefiting gold; strong data may lead capital to flow into risk assets, putting pressure on gold prices.

$XAU $BTC $ETH Currently, we are at a crossroads. Which data is released first and what the results are could rewrite the trend of these days. The key is to see how these data influence market risk appetite, the US dollar trend, and real interest rate expectations — these three variables are the true drivers of gold prices.