Overnight Market Review (2022.8.11) On Thursday (August 11) in the early Asian market, spot gold weakened slightly and is currently trading around $1,785.53 per ounce. It is expected to ease inflationary pressures and suppress expectations for a 75 basis point rate hike by the Federal Reserve in September.
This trading day will also release the US July PPI data and changes in the number of US jobless claims, which will affect the market’s judgment on inflation expectations and employment prospects, and investors need to focus on it. At the same time, investors still need to pay attention to news related to the geopolitical situation and the new crown epidemic.
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.