CPT Markets：FEDStrengthening hawkish stance puts pressure on gold prices again! Follow the UK within the day...

Gold/dollar (XAUUSD)：

goldAfter a significant decline against the US dollar on Wednesday, it fell to1929.61Nearby, the US bond yield rose with the US dollar, putting downward pressure on the gold price.

In terms of bearish data, after the Federal Reserve made a ruling, the US dollar regained ground and the benchmark10Yields on one-year treasury bond bonds rose sharply. Although the Federal Reserve maintains stable interest rates, it has strengthened its hawkish stance and is expected to further raise interest rates by the end of the year. Monetary policy will significantly tighten by next year, far exceeding previous expectations. Federal Reserve Chairman Powell stated that officials will hold one meeting after another on interest rate issues, and we are prepared to further raise interest rates in appropriate circumstances. Officials are prepared to further raise interest rates in appropriate circumstances, and we intend to maintain policy at a restrictive level until we are confident that inflation is continuing to decline towards our goals.

In terms of institutional comments on the future of gold prices, analysts from Standard Chartered BankSuki CooperWe expect the upward risk of gold to be limited in the short term, and the upward momentum of gold prices may not continue until market confidence in global and US interest rates falling and the weakening US dollar strengthens. However, UBSUBSanalyst Giovanni Stanovo The strong demand from central banks around the world is still supporting gold prices, and central banks continue to diversify their investments in gold.

In summary, the Federal Reserve has announced that its benchmark interest rate will remain unchanged, while also suggesting that borrowing costs may remain high for a longer period of time after another rate hike this year. By next year, monetary policy will be much tighter than previously expected. Although gold is considered as a tool to hedge against rising inflation, higher interest rates have pushed up the yield of competing US treasury bond bonds and weakened its attractiveness.

Press from above(Upper resistance) 1929.60，1931.20； From the downward direction, the lower support1927.50。

CPT MarketsRisk Tips and Disclaimers : The above article content is for reference only and is not intended as future investment advice.CPT Markets The articles published are mainly based on international financial data reports and international news as reference.