Overnight market review (2022.11.14) During the Asian session, spot gold fluctuated within a narrow range after opening lower, and is currently trading at $1,763.05 per ounce. The Democratic Party has basically locked in control of the Senate, providing support for the dollar, and the price of gold is therefore slightly under pressure. In addition, Fed Governor Waller delivered a hawkish speech on Sunday, making gold bulls scruples.
Gold surged more than 5 percent last week as signs of cooling U.S. inflation boosted expectations for a slowdown in the Federal Reserve’s aggressive rate hikes. At present, the market expects the Fed to raise interest rates in December from 75 basis points to 50 basis points, helping gold to record its biggest weekly gain in more than two and a half years.
Trading strategy deployment: it is recommended to short at high positions
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.