Gold Market Analysis:
On Thursday (June 5), during the U.S. trading session, spot gold saw a sharp decline and is currently trading around $3,359.5 per ounce. Although a slight rebound in the U.S. dollar has limited gold’s upside, expectations of Fed rate cuts, declining U.S. Treasury yields, fiscal concerns in the U.S., and ongoing trade and geopolitical risks continue to support gold prices.
Market sentiment remains cautious as investors await the upcoming non-farm payrolls report.
From a technical perspective, gold still has short-term upside potential. A breakout above $3,385 would open further room for gains.
The unstable global economic environment—especially the unexpected contraction in the U.S. services sector, weak employment data, and the impact of the Trump administration’s new tariff policies—has provided strong momentum for gold’s rally.
At the same time, rising tensions among major powers, developments in U.S.-EU trade talks, and growing expectations of a Fed rate cut have further fueled enthusiasm in the gold market, increasing the likelihood of prices pushing toward the $3,400 mark.
Gold Strategy Today:
It is recommended to prioritize buying on dips, with short-selling on rebounds as a supplementary approach.
Watch resistance around $3,380 and support around $3,345.
Crude Oil Market Analysis:
On Thursday (June 5), during the U.S. trading session, international oil prices fluctuated slightly lower, with U.S. crude currently trading around $63.15 per barrel.
Oil prices remain under pressure, mainly due to two key factors.
First, data from the U.S. Energy Information Administration (EIA) showed that gasoline and distillate inventories increased more than expected last week, indicating weakening demand for refined products in the world’s largest economy.
This has raised investor concerns about whether the U.S. summer driving season can stimulate demand, causing oil prices to fall about 1% on Wednesday.
Currently, the crude oil market is being pulled by both supply and demand pressures.
On the supply side, OPEC’s production increase plan combined with Saudi Arabia’s strategic price cuts is bearish in the short term.
On the demand side, the unexpected rise in U.S. refined product inventories has intensified doubts about the strength of the global consumption recovery.
Additionally, the escalation of international trade tensions has further dampened market risk appetite.
In the short term, oil prices may continue to fluctuate within the $60–$65 range. Close attention should be paid to U.S. macroeconomic data and OPEC’s implementation of future production plans.
Crude Oil Strategy Today:
It is recommended to prioritize short-selling on rebounds, with buying on dips as a secondary strategy.
Watch resistance around $64.0 and support around $61.0.
Caution is advised. The above suggestions are for reference only.
