Gold News Analysis: Last Friday (June 28), the price of spot gold closed with a slight decline. Although it briefly touched a daily high following the release of the US PCE inflation data, the monthly drop was only 0.10%. With significant events like the UK elections, French parliamentary elections, and the US non-farm payrolls report approaching this week, the market is expected to experience new volatility. The gold market has been relatively calm recently. Despite the lack of significant price fluctuations, gold’s role as a safe-haven asset has become increasingly prominent amid global economic and political uncertainties. Analysts generally believe that although the gold market may lack a clear direction in the short term, the long-term fundamentals remain solid, providing strong support for gold prices. With major events like the UK elections, French parliamentary elections, and the US non-farm payrolls report approaching this week, the market is expected to experience new volatility.
Today’s Gold Strategy: It is recommended to mainly focus on buying during price pullbacks and selling during price rebounds. Pay attention to resistance at the 2341 level and support at the 2311 level.
Crude Oil News Analysis: Last Friday (June 28), during the US session, international oil prices surged and then pulled back. US crude oil briefly hit a nearly two-month high of $82.78 per barrel and is currently trading around $81.44 per barrel. On Thursday, oil futures rose by about $1 due to increasing geopolitical pressure in the Middle East and Europe, raising concerns about global crude oil supply disruptions. However, the unexpected increase in US crude oil and gasoline inventories limited the price gains. Brent crude oil futures settled up $1.14, or 1.34%, at $86.39 per barrel. US crude oil futures settled up $0.84, or 1.04%, at $81.74 per barrel.
Today’s Crude Oil Strategy: It is recommended to primarily focus on selling during price rebounds and buying during price pullbacks. Pay attention to resistance at the 82.9 level and support at the 79.9 level.
Note: Trading requires caution, and the provided suggestions are for reference only.