Gold continues to move sideways this week, the overall is still in the 1986 and 1932 range of complex oscillations, and such shocks are expected to break out next week, but also focus on the breakthrough of this range to usher in a greater explosiveness, and this week continued volatility From a fundamental point of view, the overall reason is as follows:
The expectation that the Federal Reserve will not raise interest rates in June has supported gold prices.
The number of initial jobless claims in the United States performed poorly, the dollar was affected by the decline in US bond yields, and gold stabilized the 100-day moving average higher.
According to the latest statistics from the United States, Australia, Europe and the United Kingdom, the recent challenges facing major economies have reignited fears of recession.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.