Overnight Market Review (2022.5.31) Monday coincided with the U.S. holiday, the U.S. financial market was closed, the U.S. dollar resumed its decline, the price of gold held firm, and oil prices rose again.
At noon in the Asian market on Tuesday, gold futures prices fluctuated above $1,850, continuing the trend of consolidation for nearly a week. The strength of the US dollar and the rise in US bond yields suppressed the rise in gold prices. At the same time, gold prices are expected to appear for the first time since March 2021 for two consecutive months. fell.
Global gold markets: Gold prices held firm on Monday in range-bound trading, driven by a weaker dollar, while investors tempered expectations for further aggressive monetary tightening in the United States. Gold futures were up 0.04% at $1,858.
Trading strategy deployment: it is recommended to go short at high levels
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