Recently, the price of gold has been suppressed by central banks around the world!Fall below the operating range.
Last week, gold fell 1.89%, setting a three -month low. Although it rebounded slightly on Friday, it was difficult to maintain the momentum.So what will happen this week?
The upcoming core PCE price index will be an important guide.
The global central bank will continue to raise interest rate hikes, and the continuous interest rate hike expectations and continuous eagle speeches may make the price of gold.
In addition, the turbulence of the US banking industry has not yet ended, and the market is paying attention to whether the worst situation of the banking industry has really passed.I have to consider economic recession or support for gold prices.It is worth noting that the transaction is that although Russia's "civil war" storm has not performed stronger, there is a sound that the impact of the incident on the financial market may have just begun.
It can be said that the Fed ’s interest rate hike 25 base points in July can be said that it has been expected by the market. On Friday (June 30), the core PCE price index announced will be an important guidelines for the trend of gold price.If the data is higher than expected, it is challenged to watch the golden gold, or it becomes a catalyst with a catalyst with a gold price below the integer psychological barrier of 1,900.
As for the current market, it is not optimistic about the expectations of durable products, consumer confidence, and core PCE price index.
