kastkingsharkyiiibaitfeeder| Everbright Futures: Federal Reserve officials sound "eagle voice", gold price may intensify in the short term

On May 20, COMEX gold closed at 2,430kastkingsharkyiiibaitfeeder.30 US dollars/ounce, an increase of 0.53%. Domestic SHFE gold night trading closed at 579.12 yuan/gram, an increase of 0.80%.

This week, Fed officials will make intensive speeches, with FOMC voting committee member Bostic appearing first. Regarding interest rate forecasts, Bostick said that the U.S. neutral interest rate may climb to a nearly ten-year high; as for the number of interest rate cuts, he pointed out that interest rates may be cut only once this year while inflation is blocked; as for the job market, he believes that the current economy is slowly weakening, and the labor market has cooled down, but it is difficult to weaken. This hawkish speech may severely dampen market expectations for interest rate cuts. According to the CME interest rate observer, the market is optimistic about the Federal Reserve's interest rate hike in June.kastkingsharkyiiibaitfeederThe probability forecast for 2% rose to 2%, compared with 0 last week and the previous trading day.

Currently, geopolitical conflicts may have shown signs of escalation in recent days. The Iranian president was killed in a helicopter "hard landing", a small Russian oil refinery was suspended due to a Ukraine drone attack, a cruise ship bound for our country was attacked by Houthi armed forces, and the Iranian president's accidental death and frequent armed conflicts have increased the risk aversion.

On the whole, Federal Reserve official Bostick's biased stance may put pressure on gold prices to a certain extent, but risk aversion is heating up, bulls are positive, and gold prices may fluctuate strongly in the short term. He is concerned about changes in the statement of the minutes of the Federal Reserve's monetary policy meeting.

Source: Wind, Jinshi Data, Everbright Futures Research Institute

Written by: Shi Yueming

Qualification Certificate No.: F03097365

Investment Advisory Certificate No.: Z0017563

Disclaimer: The opinions, suggestions and conclusions in this article are for reference only. The information in the report comes from public information. The relevant analysis and suggestions do not constitute the basis for investment operations of the products mentioned. Any investment decisions made by investors based on this are related to the company and the author has nothing to do with it.

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