Overnight Market Review (2022.6.7) On Monday, investors were worried about rising U.S. inflation, and market risk appetite declined. U.S. stocks narrowed gains, U.S. dollar and U.S. bond yields rose, and gold prices and oil prices fell.
Global gold markets: Gold prices fell on Monday, weighed down by gains in the U.S. dollar and U.S. bond yields, as U.S. inflation data this week could strengthen the case for the Federal Reserve to raise interest rates sharply. Gold futures were down 1.1% at $1,850.2 an ounce.
At midday in Asia on Tuesday, gold futures prices were slightly consolidated, with expectations of interest rate hikes in the United States and Europe restraining the bulls.
A strong jobs report last week boosted expectations that the Fed will continue to tighten policy. Investors are now awaiting Friday’s U.S. consumer price index (CPI) for clues on the path of rate hikes.
In addition, the European Central Bank will announce its monetary policy decision on Thursday, and it is expected that the European Bank will follow the example of other central banks and begin to embark on the path of raising interest rates to curb inflation.
Trading strategy deployment: it is recommended to go short at high levels
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