Overnight Market Review (2022.6.28) The U.S. dollar index fell below 104 on Monday, as the slowdown in inflation expectations cooled expectations for aggressive rate hikes by the Federal Reserve. In addition, rising sanctions against Russia sent oil prices higher.
Global gold markets: Gold prices fell on Monday, pressured by rising interest rates, as investors focused on any clues on policy moves at the European Central Bank’s annual forum. Gold futures were down 0.3% at $1,824.80 an ounce.
At midday in Asia on Tuesday, gold prices settled between $1,820 and $1,830, but cooling inflation expectations and a weaker dollar provided some support for gold.
Trading strategy deployment: it is recommended to do more at low levels
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