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Gold continues to consolidate, Fed Powell stressed: If inflation has not decreased, the Fed will not turn

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Overnight Market Review (2022.6.23) On Wednesday, the market’s worries that the Fed’s aggressive interest rate hikes will lead to a recession intensified, US stocks fell, and oil prices fell.

Global Gold Markets: Gold futures were little changed on Wednesday at $1,838.40 an ounce.

At midday in the Asian market on Thursday, gold futures prices continued their consolidation trend. However, Federal Reserve Chairman Jerome Powell had previously stated that the Fed would make every effort to reduce inflation, indicating that the bank will actively raise interest rates in the future, putting pressure on the gold market outlook.

U.S. stock futures edged up in pre-market trading on Thursday, with an uncertain economic outlook hanging over financial markets after Federal Reserve Chairman Jerome Powell said in a Senate hearing yesterday that there was a possibility of a recession.

For the current situation, focusing on fundamentals and stock picking is king. In the current downturn, stock picking is important, he said. Furthermore, fundamentals have been less important than factors such as momentum and investor enthusiasm over the past few years. But the fundamentals of earnings, the fundamentals of profit margins, the fundamentals of inflation and interest rates all have a big impact on investors in the future.

Trading strategy deployment: it is recommended to go short at high levels

All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.

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Risk Warning : Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. 

Risk Warning:
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Lepanto Financial Advisers Limited is the holding company of Ultimate Pinnacle Limited. (Address: Fifth Floor, Suite 23, 63/66 Hatton Garden, London, England, EC1N 8LE). All services and products accessible through the site www.upfxtrade.com are provided by Ultimate Pinnacle Limited with the registered address Suite 305, Griffith Corporate Center P.O Box 1510, Beachmont Kingstown St.Vincent & the Grenadines.

Ultimate Pinnacle Limited is a limited liability company established in Belize as an operating subsidiary within the Lepanto Group of companies (collectively “Ultimate Pinnacle”) under Registration No. 173474 and having its registered address at No. 1 Corner of Hutson Street and Marine Parade, Belize City, Belize.

Lepanto Financial Advisers Limited is the holding company of Ultimate Pinnacle Limited. (Address: Fifth Floor, Suite 23, 63/66 Hatton Garden, London, England, EC1N 8LE). All services and products accessible through the site www.upfxtrade.com are provided by Ultimate Pinnacle Limited with the registered address Suite 305, Griffith Corporate Center P.O Box 1510, Beachmont Kingstown St.Vincent & the Grenadines.
Ultimate Pinnacle Limited is a limited liability company established in Belize as an operating subsidiary within the Lepanto Group of companies (collectively “Ultimate Pinnacle”) under Registration No. 173474 and having its registered address at No. 1 Corner of Hutson Street and Marine Parade, Belize City, Belize.

Lepanto Group Pty Ltd is authorised and regulated by the Australian Securities & Investments Commission, ASIC (ACN: 072 424 830)

Ultimate Pinnacle Limited is a company authorised and regulated by the National Futures Association (NFA ID: 0537666)

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