The Fed keeps putting the "eagle" gold price weak oscillation

On June 20th, the international gold price was slightly affected by the Federal Reserve officials' continuous release of the eagle statement. Falling 13.2 US dollars/ounce, a decrease of 0.72%.

The main line logic that recently affects the fluctuations in gold prices is still a game of the Fed's monetary policy and inflation. After the June Interest Conference and related inflation employment data are settled, the lack of data guidance, the attitude of Federal Reserve officials has become the focus of market attention.

On June 22, the Federal Reserve President Powell stated in the U.S. Senate Banking Committee on the Senate of the Congress on the semi -annual monetary policy report that the Fed was fully committed to controlling prices and once again expressed his determination to fight inflation, and expressed concern about economic recession. He reiterated that the Federal Reserve's continuous interest rate hike is appropriate. It is committed to reaching the inflation rate to the target of 2%. The rate of interest rate hikes depends on economic data, and decision -making officials must be flexible.

When asked about the possibility of 100 basis points in interest rate hikes, Powell said it would never rule out any amplitude rate hikes. The US economy can cope with the upcoming additional interest rate hikes. The meaning of the Federal Reserve is to resist inflation, and it does not rule out a more aggressive monetary policy. After the interest rate hike at the interest rate interest rate in May, the 75 -basis point of interest rate hikes in June can see the Federal Reserve Determination of anti -inflation. After Powell made the eagle statement, the price of gold fell, and fell from near the highest point of the week to the lowest point area, down more than 20 US dollars.

Powell said the Fed's unconditional commitment to control inflation, but also facing the risk of rising unemployment rates. Powell acknowledged that the Federal Reserve wrongly judged the risk of high inflation. On the whole, Powell stated that it would continue to raise interest rates to calm the stance of inflation, and precious metals maintain a weak fluctuation pattern.

After that, other Federal Reserve officials also defended the Monetary policy of the Federal Reserve and made eagle remarks. The Federal Reserve Brad expressed support for the Federal Reserve to raise interest rates to control inflation, and it may increase interest rates to 3.5%by the end of this year. Dali, the chairman of the San Francisco Fed, said that she will support a significant increase in interest in July to slow down the out of control in US inflation. The Federal Reserve Director Bowman supports 75 basis points at the July meeting. At the same time, it is appropriate to say that the interest rate hikes of 50 basis points several times after July are suitable. From the perspective of market response, the probability of raising 75 basis points in July has increased significantly, which to a certain extent to make the price of gold.

According to technical analysis, the weekly moving average system continues to flatten, while the Bollinger line is flat, but the differential moving average touches the zero axis, the green column increases, showing that the mid -term gold price trend is weak; The indicator red and green residence alternately appears, showing that the short -term is still dominated by oscillation. The following focus on the support of $ 1800/ounce to 1810 US dollars/ounces, and the top is focused on the resistance of $ 1850/ounce to $ 1860/ounce.

- END -