Overnight Market Review (2022.5.10) At midday in Asian markets on Tuesday, gold futures prices rose slightly due to the recovery of the US dollar, but they were still near a three-month low. Now investors turn their attention to the US inflation data. The U.S. dollar, whose inflation is negatively correlated with gold prices, retreated slightly from more than two-decade highs. The U.S. dollar rose for five straight weeks after the Federal Reserve’s monetary policy to fight inflation.
International gold prices edged higher, as the yield on the 10-year U.S. Treasury bond extended its decline after falling from the highest level in nearly three-and-a-half years in the previous day, temporarily boosting the price of non-yielding asset gold. However, the bearish trend of gold prices has not changed, and the market outlook will see $1844.
U.S. stock futures rallied in pre-market Tuesday, pointing to a rebound in U.S. stocks after hitting a one-year low yesterday.
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.
