$XAU/USD(XAUUSD.FOREX)$ Gold may have recently hit a short-term peak, as evidenced by its recent pullback. However, if external conditions are favorable, it may find support near the psychological level of around 2000. Of course, there are many factors that can influence the future price movements of gold, and there are several key considerations that we should keep in mind: 1. US monetary policy and the US dollar: US monetary policy has a significant impact on the price of gold. When interest rates rise, investors may shift their investments to other assets with higher returns, like bonds, which can cause gold prices to fall. Conversely, when interest rates fall, investors may turn to safe-haven assets like gold, which can push up go
Global stock markets continue to be volatile, with US stocks $DJIA(.DJI)$ $NASDAQ(.IXIC)$ potentially facing a significant correction in June due to concerns over inflation and the possibility of the Fed raising interest rates. The bottleneck problems in global supply chains have also impacted the stock market. While Q1 earnings for US stocks were down, the decline was better than expected. However, Q2 earnings guidance is more negative than positive. Market expectations for Q3 earnings remain optimistic, but with the contraction of US bank loans and a sudden drop in loan demand, company profits may not yet be ready to rebound. Overall, the stock market may continue to be affected by various fa
The recent movements of the US dollar have been impacted by American economic data and the policies of the Federal Reserve. Currently, the dollar index (DXY) is holding steady between the support level of 100-101 and the resistance level of 103. The stance of Federal Reserve officials is also affecting the dollar's movements$USD Index(USDindex.FOREX)$ . However, if the US economic data continues to be positive, the Fed may raise interest rates, which could have a positive impact on the dollar. Therefore, short-term outlook for the dollar is still uncertain.
The US 10-year Treasury bond$US10Y(US10Y.BOND)$ yield is hovering around 3.4%. The Federal Reserve raised interest rates as expected in May, but indicated that further rate hikes may not be necessary. The Fed also plans to reduce its holdings of government bonds and mortgage backed securities, which is tightening lending for households and businesses and causing some concern about a potential mild recession. However, what I think is the overall outlook for the US economy remains relatively strong and resilient.