On Wednesday (May 22), spot gold remained volatile during the day, opening at 2423 todaytronblockchaingames38 US dollars/ounce, the highest hit 2,426.47 US dollars/ounce, and the lowest hit 2,411.43 US dollars/ounce. As of press time, the gold price was reported at 2,412.15 US dollars/ounce, a decrease of 0.34%.
Federal Reserve Governor Wallertronblockchaingames: Weak inflation data for the next three to five months will allow the Fed to consider cutting interest rates at the end of the year, and there is no need to raise interest rates now. Federal Reserve Vice Chairman Barr reiterated the need to keep interest rates high for a longer period of time. Atlanta Fed Chairman Bostick: To ensure that inflation does not rebound, it is not expected that interest rates will be cut before Q4. To put it bluntly, the topic of whether to cut interest rates or not can be debated internally for a long time, so regarding their speech, the symbolic fluctuations in gold will become commonplace for a while. The speeches of Fed officials are becoming increasingly less authoritative, and the story of the wolf coming seems to be about to start a new chapter.
European Central Bank President Christine Lagarde: I am very confident that we have brought inflation under control. If the inflation path remains unchanged, there is a strong chance that the ECB will cut interest rates in June. If the European Central Bank cuts interest rates when gold reaches a new high, it is estimated that it will be difficult for market investors to predict whether gold will have the same momentum as the euro in the future, and the opposite view cannot be ruled out.
From Monday to yesterday, the range of gold was gradually narrowing and the high point was gradually moving down. The morning trend needs to pay attention to the short-term pressure level that rebounded near the high of 2433 in the late session, and the short-term support below is near yesterday's low of 2406. In terms of operation, we can still maintain the range operation, and we can only focus on selling high and low slag around the range of 2406-2433.