Upward revision of US economic growth rate Gold prices may be short, short, and long

goldaspect:

Federal Reserve officials continue to release hawkish remarks, and Federal Reserve Chairman Powell has stated that if necessary, there will be two consecutive interest rate hikes this year, demonstrating a very clear hawkish stance. And the Federal Reserve is7Monthly interest rate hike25The probability of one basis point has been reached80%As long as the expectation of further interest rate hikes by the Federal Reserve remains, the short-term upward potential of gold may be limited.

On the other hand, the inverted yield curve of US Treasury bonds has been going on for a long time, and the US economy will still face significant pressure in the second half of the year; Even if there is still a possibility of interest rate hikes by the Federal Reserve this year, it cannot change the situation where the current round of interest rate hikes is coming to an end. The expectation of subsequent interest rate cuts will suppress real interest rates, and there is still a chance for gold to strengthen in the medium and long term.

Technical aspect: On the daily chart, the previous trading day's market first fell and then rose, with a longer lower shadow at the endkLine, showing some support below. Follow above within the day1930Under pressure from the US dollar, follow below1895One line support for the US dollar.