Saudi Arabia extends production reduction Oil prices rebounded in response

goldaspect:

Overnight gold maintained a volatile upward trend, with the initial decline basically coming to an end. The upward momentum continued to strengthen, and bulls continued to exert their strength. Fundamentally, gold was still bullish, and the uncertainty of the US economy made the market still favor gold.

Overnight America2Year and Year10The yield curve of one-year treasury bond bonds touches42The deepest inversion in years, with the yield difference between the two hitting a point1981The largest increase since the beginning of the year, reaching110.80Basis point3When the banking industry in the United States experienced a crisis in the month, the downward trend was deeper, which can be seen as a bad signal.

This indicates that financial markets expect the Federal Reserve's current tightening monetary policy to ultimately push the US economy into recession. From a historical perspective, when short-term bond yields are higher than long-term bond yields, it means that investors believe that an economic recession is imminent.

Technical aspect: The gold daily line with a long shadow on the small sunny line is not absolutely strong.4The hourly cycle is facing pressure from early highs and long-term moving averages, and there is a demand for pullback within the day. The overall structure may be completed in stages, so pay attention to reducing positions in short-term orders. Can follow below1911The support of the US dollar on the first line.