Inflation is high, the Federal Reserve raises hike crazy interest rates

The main factors that have recently affected the gold price trend of the gold price and the Federal Reserve's interest rate conference finally ended. The inflation continued to soar and the Federal Reserve raised interest rates.

Text | Recruiting Gold Refined Luan Bingqin

This article is an original article of China Gold Network. The content is for reference only, and does not constitute operating suggestions or investment guidelines.

The US price index (CPI) in the United States has increased by 8.6%year -on -year, hitting a new high since December 1981, an expected 8.3%, and the previous value rose by 8.3%. The data shows the grim of inflation in the United States. Large, the market has to think that the Fed will adopt a more aggressive interest rate hike strategy.

After the data was announced, the price of gold fell, and after the W -bottom form was out of the day, it turned to a strong rebound. The highest touched $ 1875.86/ounce, mainly because the market continued to rise in inflation and the US economic prospects continued to heat up, supporting the price of gold sharply. Earlier, it was reported that Fed officials might approve 75 basis points in interest rate hikes, and the market generally expected 50 basis points to raise interest rates, and the US dollar rising highs to a high of 105.29 US dollars. At the same time, the yield of US debt soared, and the gold price continued to rebound at the daily basis. After the daily line, the Bollinger was adjusted all the way back, and the lowest exploration was near $ 1817.85/ounce.

The Federal Reserve raised the benchmark interest rate to 75 basis points to 1.5%to 1.75%of the interval. The interest rate hike was the largest since 1994, and it was the first time in more than 27 years to raise interest rates 75 basis points. At a subsequent press conference, Powell said that the pace of interest rate hikes will depend on future data. The committee seeks the maximum employment and 2%inflation rate for the long -term, and reiterates that it is resolutely committed to restoring the inflation to 2%. At the same time, it is said that the measures that are expected to raise 75 basis points will not become the norm, and the interest rate hike range is expected to be 3%to 3.5%during the year.

The Federal Reserve has also raised its long -term interest rate expectations, and inflation expectations and economic growth expectations. With the interest rate hike in June, the latest Federal Reserve's latest forecast shows that the committee is expected to rise to 3.4%this year. Interest rate prediction, that is, the dot matrix is ​​1.9%.

In terms of capital flow, as of June 18, 2022, the world's largest gold ETF gold holding volume was 1075.54 tons. This week, a total of 6.67 tons of positions increased. The world's largest silver ETF holding volume was 16909.75 tons, a total of 22.95 tons of positions.

Technical aspect: The Daily Bollinger Channel began to be flat, and the short -cycle moving average around the Bollinger is tangled and flat. The similarities and similarities of moving average (MACD) fast and slow lines are adhered to Essence

It is expected that the gold price this week will fluctuate around the Federal Reserve's interest rate hike, and the daily line stabilizes from the Bollinger to stabilize the rebound. Recently, it is mainly maintained on the upper and lower rails of Bollinger. The market has continued to pay attention to the resistance level of the resistance level of $ 1877.53/ounce, and the support level is nearly $ 1806.88/ounce. Under the guidance of unclear directions, the probability of gold price continues to maintain a wide range of oscillation, and personal suggestions are for reference only.

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