Home » Fed fears to tighten monetary policy, gold prices are under pressure

Fed fears to tighten monetary policy, gold prices are under pressure

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Today, Tuesday (June 15), the gold market is currently stable at around US$1,860 per ounce at the beginning of the trading session. The daily price of gold continues to decline slightly, and the price of gold fluctuates within the range.

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The recent announcement of inflation data in the United States far exceeded expectations, showing that the United States has been experiencing greater inflationary pressure after frantically spreading money, and the market is optimistic.MidlandReserve to tighten up later this yearcurrencyPolicies may put pressure on gold prices.

This week the market will usher in major central bank decisions, includingMidlandReserve, the Swiss National Bank, the Bank of Japan, in addition, the Reserve Bank of Australia Minutes, US May retail sales andPPIData, China’s industrial and investment indicators from January to May, the United States in Mayreal estateThe indicators are also worth focusing on.

Yesterday, gold closed at US$1865 per ounce, with the lowest hitting US$1844 per ounce and the highest reaching US$1876 per ounce, with a volatility of US$32 or 2.03% throughout the day.

Judging from the current situation, gold still belongs to a wide range of consolidation. The end of the consolidation is still bullish. Today, reaching the first target of 1850 is also a smooth lightening. The rest can be set to protect the loss. Today’s gold market is relatively rare and fell to the lowest point of the month , The rebound of US$20 is indeed unexpected. This kind of market must either wait and see or have an overall view to deal with it freely. The bottom is confirmed in 1845, and the bottom is solidified for a better rise. The bottom is erected, and the bulls fight back. The field is enough, the long-term still looks at the target above 1900.

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According to the Gold Market Center of Jintou.com, at 9:42 Beijing time, today’s gold spot price temporarily reported $1,858.90 per ounce.

  Tips:Gold again staged a “shock jump”!This weekMidlandChu may “Eagle” hit the sky. For specific operations, please pay attention to the Jintou.com APP. The market is changing rapidly and investment needs to be cautious. The operation strategy is for reference only.

(Source: Jintou.com)

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