Overnight Market Review (2022.6.6) The non-farm payrolls report released by the United States on Friday exceeded expectations, and expectations of aggressive interest rate hikes by the Fed intensified. U.S. bond yields and the dollar rose, and U.S. stocks and gold fell. The Fed entered a period of silence this week.
The international gold price edged higher, supported by a correction in the US dollar index, with a short-term view of $1,864. However, the future trend of gold prices is still vulnerable to the impact of sharp interest rate hikes by major central banks around the world. The previously released U.S. non-farm payrolls report was upbeat, reinforcing the Fed’s hawkish expectations and negatively affecting precious metals.
Trading strategy deployment: it is recommended to go short at high levels
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