After the Fed's interest rate meeting in December, the script of gold will go in reverse,

许亚鑫
2022-12-15

I wrote in the previous article "1213: Inflation accelerates and falls, "It is mentioned that the data in November, whether it is month-on-month, year-on-year, or year-on-year data of core CPI, are all lower than expected, which means that the high inflationary pressure faced by the United States has been confirmed to have eased.​​

From the perspective of subdivision projects, the main drivers of inflation, such as gasoline and used cars, have all dropped sharply.The volatile food price increased by 0.5% in November, slightly lower than the previous value of 0.6%; Energy prices fell by 1.6% month-on-month, reversing the 1.8% increase last month, among which gasoline prices fell by 2.0% month-on-month, which was lower than the previous increase of 4%.

Interestingly, although US stocks closed higher overnight and gold and silver also closed positive, the overall increase was not as expected, especially the US stocks showed a trend of opening higher and going lower, suggesting that the market is still very worried about the eagle at the Fed's interest rate meeting in December.

Nick Timiraos, a reporter from the Wall Street Journal who is known as the "New Federal Reserve News Agency", believes that before this week's FOMC meeting, Fed officials strongly hinted that they intended to raise interest rates by 50 basis points this week, which would raise the federal funds rate to 4.25%-4.5%, a 15-year high. Tuesday's inflation figures are likely to fuel heated discussions among officials over whether to further reduce the rate hike to 25 basis points at their next meeting early next year.

​As shown in the above figure, after the Federal Reserve's interest rate meeting in November, the price of gold closed down slightly on that day, but then there was a trend upward trend. I predicts that after the Fed's interest rate meeting in December, the script of gold will go in reverse, that is, the price of gold will close up slightly on that day, but then there will be a trend correction.

Don't forget the previous article "1212: The central bank super week strikes, and the US dollar welcomes the change week! "I once told you-

"Coincidentally, the changing window of the US dollar index happens to be this week."

$E-mini Nasdaq 100 - main 2303(NQmain)$   $E-mini Dow Jones - main 2303(YMmain)$   $E-mini S&P 500 - main 2303(ESmain)$   $Gold - main 2302(GCmain)$   $Light Crude Oil - main 2301(CLmain)$

Futures Club
Join Tiger Futures Club to know more about trading futures!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • AricLo
    2022-12-15
    AricLo
    thanks for sharing
  • HilaryWilde
    2022-12-18
    HilaryWilde
    The current rate hike is acceptable to the market.
  • BellaFaraday
    2022-12-18
    BellaFaraday
    The dollar index will be more volatile for some time to come.
  • ElvisMarner
    2022-12-18
    ElvisMarner
    Instead, I think gold's rally has just begun
  • PandoraHaggai
    2022-12-18
    PandoraHaggai
    The rise in gold is amazing to me.
  • MortimerDodd
    2022-12-18
    MortimerDodd
    Gold doesn't have much further to go.
Leave a comment
49