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Yesterday, the Fed announced that the rate hike is expected to stop in September? Is the US economy better than expected? What about gold?

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Overnight Market Review (2022.5.23) Weekly investors are uneasy about the possible impact of the Fed’s measures to suppress inflation on the economy, which worsens Wall Street’s risk sentiment, the dollar edged up, the S&P 500 is on the brink of a bear market, and gold has its first weekly line in five weeks rise.

Global gold markets: Gold prices edged up last week, their first weekly gain in five, as concerns over economic growth persisted and the dollar fell for the week. A slide in U.S. Treasury yields supported safe-haven gold. Gold futures rose 0.1% to $1,842.10. “Recession fears are giving way to U.S. growth worries, which are boosting gold prices,” the data said.

U.S. stock futures rose in pre-market Monday after U.S. President Joe Biden said he was starting to lower tariffs on some Chinese imports, boosting market sentiment, but in the short term investors still need to pay attention to the minutes of the Federal Reserve meeting, which will be released this week, companies Earnings reports and economic data such as the PCE price index, the Fed’s favorite inflation gauge. High inflation, the Fed’s future policy path and a strong economy are expected to continue to affect market nerves.

Trading strategy deployment: it is recommended to do more at low levels

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国际金价小幅走强,投资者须关注两大风险事件

周三(11月30日),国际金价小幅上涨,受助于美元下跌。投资者主要关注美联储主席鲍威尔即将发表的讲话,以了解美联储未来货币政策路径。鲍威尔讲话前还将公布的ADP就业数据也受到关注。 北京时间15:15,现货黄金上涨0.35%至1755.71美元/盎司;COMEX期金主力合约上涨0.29%至1768.9美元/盎司;美元指数下跌0.21%至106.581。 美联储主席鲍威尔将在北京时间周四(12月1日)2:30就美国经济前景和就业市场发表讲话,投资者将从中寻找有关美联储明年加息计划的任何新线索。

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