Recession Fears Mount, Lift Gold’s Bullish Mood
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The Russian-Ukrainian war continues to burn, coupled with strong U.S. labor demand and an unexpected drop in retail sales data in May, fueling market fears of a recession, leading to a sell-off in global stock markets and boosting gold’s safe-haven appeal, so gold prices remain bullish trend in the short term. Investors can pay attention to today’s speech by Federal Reserve Chairman Powell, which may become the main direction of monetary policy in July.
The trend of gold can be paid attention to…
-Latest news on the Russian-Ukrainian war
-17:00 Eurozone CPI (MoM) (YoY) (May)
-20:45 Fed Chairman Powell’s speech
-21:15 U.S. Industrial Output (MoM) (May)
-22:00 U.S. Conference Board Leading Indicators (MoM) (May)
Which will affect the trend of gold, and investors must seize the opportunity to place orders.
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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.