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
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