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Gold fell for two consecutive days. Need to pay attention to the interest rate decision announced by the Federal Reserve at 2:00 Beijing time tomorrow?

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Overnight Market Review (2022.6.14) On Monday, the market’s fears that the Fed’s aggressive interest rate hikes will lead to an economic recession intensified. US stocks fell collectively, the US dollar rose, US bond yields inverted again, and gold prices fell.

Global gold markets: Gold prices fell sharply on Monday, as the dollar rebounded on bets of a sharp interest rate hike by the Federal Reserve, denting the appeal of gold and other precious metals. Gold futures settled down 2.3 percent at $1,831.80 an ounce.

Fed policymakers will release their forecasts for the ultimate goal of this round of rate hikes at the end of this week’s meeting. The Fed will also forecast how high the unemployment rate, currently at 3.6%, may rise before the economy slows enough to reduce inflation. Fed policymakers are all but committed to raising rates by 50 basis points each this week and at their July meeting, following a 50 basis point rate hike in May and the start of a balance sheet reduction this month. And some institutions even predict that the Fed will not rule out a 75 basis point interest rate hike this week.

Looking ahead, the Fed’s FOMC meeting on interest rates, which will end tomorrow, is expected to dominate the market tone. As the U.S. CPI released last Friday continued to hit a new high in more than 40 years, some people are now raising expectations for a rate hike by the Federal Reserve at this meeting by 75 basis points.

Trading strategy deployment: it is recommended to do more at low 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.

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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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