Odaily星球日报讯 “黄金先前创下历史新高，且下一批美国通胀数据即将公布，市场出现一些获利回吐。如果核心 CPI 碰好高于预期，对黄金来说可能是一个风险事件。”KCM Trade 首席市场分析师 Tim Waterer 称，"（黄金）看涨趋势依然完好，因关税形势的不确定性以及由此产生的避险资金流动，这可能继续支撑金价。"（金十）

Odaily星球日报讯 “黄金先前创下历史新高，且下一批美国通胀数据即将公布，市场出现一些获利回吐。如果核心 CPI 碰好高于预期，对黄金来说可能是一个风险事件。”KCM Trade 首席市场分析师 Tim Waterer 称，"（黄金）看涨趋势依然完好，因关税形势的不确定性以及由此产生的避险资金流动，这可能继续支撑金价。"（金十）

分析师：核心CPI若高于预期对黄金来说可能是一个风险事件

Odaily reports that "Gold has previously hit a record high, and the next batch of US inflation data is about to be released, causing some profit-taking in the market. If the core CPI comes in higher than expected, it could be a risk event for gold." Tim Waterer, Chief Market Analyst at KCM Trade, said, "The <bullish> trend for (gold) remains intact, as the uncertainty around tariffs and the resulting flow of safe-haven funds may continue to support gold prices." (Gold Ten)

Odaily reports that "Gold has previously hit a record high, and the next batch of US inflation data is about to be released, causing some profit-taking in the market. If the core CPI comes in higher than expected, it could be a risk event for gold." Tim Waterer, Chief Market Analyst at KCM Trade, said, "The <bullish> trend for (gold) remains intact, as the uncertainty around tariffs and the resulting flow of safe-haven funds may continue to support gold prices." (<Gold Ten>)

Analyst: If the core CPI is higher than expected, it may be a risk event for gold

Odaily reports that according to institutional analysis, the US January CPI report tonight may have a significant impact on the market direction for Bitcoin investors. If the CPI is lower than expected, especially the core data excluding food and energy, it may increase the hope of the Federal Reserve easing interest rates. This could weaken the US dollar, making US Treasury yields more attractive, which may boost demand for riskier assets like Bitcoin. However, those eager for a significant rise in cryptocurrencies may need to lower their expectations. While a cooling CPI may provide a temporary boost, the overall economic situation remains the dominant factor. CoinDesk believes that as inflation is expected to remain a focus, the Federal Reserve's cautious stance may limit Bitcoin's price movement to a relatively narrow range of $90,000 to $110,000, especially if the CPI report shows higher-than-expected data. (Jin Shi)

CPI lower than expected may boost Bitcoin, but the overall economic situation is still dominant

Odaily reports that Bank of America analysts wrote that Trump's trade, fiscal and immigration policy agenda is expected to generate moderate inflation, and they predict that these changes will be reflected in inflation in the second half of 2025. They pointed out that any additional tariffs in the coming weeks could accelerate the timeline: "A key question is whether policy changes will affect long-term inflation expectations." They added that market-based inflation indicators remain within historical ranges. Bank of America reiterated its position that the Fed's rate cut cycle has ended, and inflation is "above target," and they expect both headline and core CPI to rise 0.3% month-over-month in January. They wrote: "If our forecast for January CPI is correct, the Fed's rationale for standing pat will be further strengthened." (Jinshi)

Bank of America: The impact of tariffs on inflation is expected to become apparent in the second half of the year, and the Federal Reserve has ended its interest rate cut cycle

Here is the English translation:

The news from Mars Finance on February 12 stated that QCP released a daily report saying, "Utterly boring! This is the current state of the market over the past two weeks." Despite the ongoing tariff actions between the US, Canada, and Mexico, as well as against China, the traditional financial (TradFi) market has not found a clear direction. On multiple indicators, there are no signs of panic on Wall Street. The VIX index seems to be fixed at 16, indicating that market participants have already bought protection measures for further negative news.

Powell's testimony in the Senate reiterated the Federal Reserve's "wait-and-see" stance, hinting that the pace of rate cuts in 2025 may be slower. Despite this hawkish attitude, the US dollar index (DXY) has failed to rise. Based on CFTC data, the market is inferred to hold a large long position in the US dollar. The interest rate differential also indicates that the US dollar is overvalued relative to other currencies, which may explain why the DXY has difficulty gaining momentum. Given that negative news may have been digested by the market, we believe the US dollar now faces greater downside risks. Any positive news could force a large-scale unwinding of US dollar long positions, potentially driving a rise in risk assets. The CPI release tonight may become a catalyst for a significant decline in the DXY. However, this upward trend may not benefit all vessels.

<BTC> continues to underperform, lagging behind stocks and gold, indicating some hesitation within the crypto community. Liquidity remains thin amid the many new listings each week, and last week's massive liquidations have caused heavy losses for many traders. For participants still holding crypto long positions, tracking institutional fund flows and buying downside protection may be the best strategy at the moment, especially as buying put options is relatively cheap now.

<DFI> has not been mentioned in the text.