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Yesterday’s gold rose slightly. Will it continue downline today?

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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

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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