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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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国际金价小幅走强,投资者须关注两大风险事件

周三(11月30日),国际金价小幅上涨,受助于美元下跌。投资者主要关注美联储主席鲍威尔即将发表的讲话,以了解美联储未来货币政策路径。鲍威尔讲话前还将公布的ADP就业数据也受到关注。 北京时间15:15,现货黄金上涨0.35%至1755.71美元/盎司;COMEX期金主力合约上涨0.29%至1768.9美元/盎司;美元指数下跌0.21%至106.581。 美联储主席鲍威尔将在北京时间周四(12月1日)2:30就美国经济前景和就业市场发表讲话,投资者将从中寻找有关美联储明年加息计划的任何新线索。

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