Analysis of gold news: Thursday (June 27) [Gold prices hit their lowest in two weeks, rising U.S. dollar and U.S. bond yields hit gold’s appeal] On June 27, gold prices fell 1% on Wednesday, hitting their lowest level in more than two weeks. , weighed down by a stronger dollar and rising U.S. bond yields, while traders await U.S. PCE inflation data to be released later this week. “At the moment, the market is likely reacting to a stronger dollar, and we continue to price in the possibility that the Fed is unlikely to adjust interest rates earlier in the summer. Incoming U.S. inflation data, especially The personal consumption expenditures (PCE) price index will provide important clues to the Fed’s policy direction. In addition, the speeches of Fed officials and the minutes of the monetary policy meeting will also be the focus of market attention. Economists expect 5, according to surveys by well-known institutions. Annual growth will fall to 2.6% in March, which could have an impact on the gold market.
Today’s gold strategy: It is recommended to focus on low and long callbacks, supplemented by rebounds from high altitudes. Focus on the 2313 first-line resistance at the top and the 2283-line support at the bottom.
Crude oil news analysis: Thursday (June 27) [U.S. crude oil inventories unexpectedly increased, causing oil prices to fall, and market weakness went against bull expectations] On June 26, U.S. crude oil inventories unexpectedly increased, indicating that the spot market was weak, causing oil prices to fall. Demand for crude oil and refined products will be stronger as the crucial U.S. summer driving season gets underway, but rising inventories run counter to bulls’ expectations. Sluggish stocks have also weighed on futures, while a stronger U.S. dollar – which makes U.S. dollar-denominated commodities less attractive – has added to bearish pressure in recent sessions. The WTI spot spread fell to 70 cents from $1.15 last week, indicating market weakness. Later this week, traders will look to U.S. inflation data for clues on the direction of interest rates.
Today’s crude oil strategy: It is recommended to focus on the rebound to high altitudes, supplemented by callbacks to lows and longs. Focus on the 81.7 first-line resistance at the top and the 78.7 first-line support at the bottom.
Operations need to be done with caution and are recommended for reference only.
