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Yesterday, the US market was closed, and the price fluctuation was not large. How is the fluctuation of gold today?

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Overnight Market Review (2022.5.30) Last week, U.S. inflation slowed down again, and investors’ expectations for aggressive interest rate hikes by the Federal Reserve cooled down. U.S. stocks rose sharply, the dollar fell slightly, and gold and crude oil rose. Yesterday coincided with the US Memorial Day, US financial markets were closed.

At the same time, it also drove the international gold price to strengthen, because the US dollar index continued to hit a new low of 101.384 since late April, making gold more attractive to buyers who hold other currencies. The decline in the U.S. dollar index may be related to expectations for a drop in U.S. nonfarm payrolls due later in the week.

Global gold market: Gold prices edged up last week and rose for a second week in a row, helped by a pullback in the dollar and U.S. Treasury yields, while concerns over aggressive Fed tightening receded. Gold futures were up 0.2% at $1,851.3 an ounce.

Given that world stock markets have lost trillions of dollars since the U.S. and other advanced economies began tightening policy, correctly predicting the Fed’s focus is the holy grail for global financial market participants.

Trading strategy deployment: it is recommended to go short at high 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.

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Risk Warning : Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. 

Risk Warning:
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Lepanto Financial Advisers Limited is the holding company of Ultimate Pinnacle Limited. (Address: Fifth Floor, Suite 23, 63/66 Hatton Garden, London, England, EC1N 8LE). All services and products accessible through the site www.upfxtrade.com are provided by Ultimate Pinnacle Limited with the registered address Suite 305, Griffith Corporate Center P.O Box 1510, Beachmont Kingstown St.Vincent & the Grenadines.

Ultimate Pinnacle Limited is a limited liability company established in Belize as an operating subsidiary within the Lepanto Group of companies (collectively “Ultimate Pinnacle”) under Registration No. 173474 and having its registered address at No. 1 Corner of Hutson Street and Marine Parade, Belize City, Belize.

Lepanto Financial Advisers Limited is the holding company of Ultimate Pinnacle Limited. (Address: Fifth Floor, Suite 23, 63/66 Hatton Garden, London, England, EC1N 8LE). All services and products accessible through the site www.upfxtrade.com are provided by Ultimate Pinnacle Limited with the registered address Suite 305, Griffith Corporate Center P.O Box 1510, Beachmont Kingstown St.Vincent & the Grenadines.
Ultimate Pinnacle Limited is a limited liability company established in Belize as an operating subsidiary within the Lepanto Group of companies (collectively “Ultimate Pinnacle”) under Registration No. 173474 and having its registered address at No. 1 Corner of Hutson Street and Marine Parade, Belize City, Belize.

Lepanto Group Pty Ltd is authorised and regulated by the Australian Securities & Investments Commission, ASIC (ACN: 072 424 830)

Ultimate Pinnacle Limited is a company authorised and regulated by the National Futures Association (NFA ID: 0537666)

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