Huitong Finance APP——
In the Asian market on Friday (May 24), Spot gold After falling for three consecutive days, it adjusted at a low level. At present, the trading volume is around $2330, waiting for further clues of the Federal Reserve's interest rate cut.
Gold and silver fell sharply on Thursday, falling for the third consecutive trading day. The minutes of the Federal Reserve meeting showed that some policymakers were willing to raise interest rates when necessary to fight inflation.
According to the minutes of the Federal Reserve meeting, Fed officials expressed disappointment at the "high" inflation data at the May meeting, saying that the latest data "indicates that inflation will be more sustainable in the coming months".
Ricardo Evangelista, senior analyst of ActivTrades, said in the market comment that after the release of the meeting minutes, "traders began to set November as the time when the Federal Reserve was more likely to cut interest rates for the first time, which promoted the rise of US Treasury yields and USD Index The strength of, which led to the decline of non income precious metals. "
Thursday, Spot gold A sharp drop of $50, from a high near 2380, continued to decline, all the way down to $2326.90, a decline of more than 2% on the day. At the same time, the gold futures for June delivery on the New York Mercantile Exchange fell $55.70, or 2.3%, to $2337.70. Dow Jones market data shows that the price of the most active contract has recorded the largest one-day percentage decline since April 22.
On May 20, the closing price of gold hit a new high of $2438.50.
In July, silver prices fell by $1.04, or 3.3%, to close at $30.46, the lowest closing price in a week.
However, silver prices have risen 26.4% so far this year. On Monday, the silver price hit a high of $32.75, the highest intraday level of the most active contract since the end of January 2013.
Analysts of Seven Report Research wrote in their report on Thursday: "The upward trend of gold has not changed, but in view of the rise in gold price volatility, the risk of a more obvious correction in the near future has risen."
When the stock market recovers, open an account first! Intelligent fixed investment, condition sheet, individual stock radar... for you>>
Massive information, accurate interpretation, all in Sina Finance APP
