Spot gold prices peaked in 1985 and fell below 1956. The remarks of Federal Reserve officials and the stalemate in the US debt ceiling negotiations caused the US dollar and US bond yields to continue to strengthen, which affected the decline of gold.At present, the dollar index remains stable and has been near 104; gold is currently near 1960-1965.
It should be noted that the minutes of the Fed's meeting in the early hours of this morning still have their own views on raising interest rates, emphasizing the need to look at the data, and there are several relatively important data releases in the last two days of this week. Especially GDP data and PCE, if these data perform well, there is a high probability that the Fed will increase its expectations of raising interest rates in June. At the same time, Fed officials have emphasized that even relying on data is unlikely to cut interest rates, so overall, gold prices may continue to fall for some time to come.
gold:sell@1965-1970 tp1956-1950
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