Due to the rise in the US dollar index, the most active June gold futures price on the New York Mercantile Exchange gold futures market fell by US$8.8 on the 17th from the previous trading day, closing at US$2,007 per ounce, a decrease of 0.44%.
In an audience discussion at the Richmond Business Economics Association on the 17th, Richmond Federal Reserve Bank President Thomas Barkin said that he would like to see more evidence that US inflation is approaching the Fed‘s 2% target. becoming steady.
The market expects that the probability of the Federal Reserve raising interest rates by another 25 basis points at the May monetary policy meeting is rising, and traders are also pricing the risk of a possible economic recession. superior.
Market analysts believe that after several weeks of gains, gold is now in a state of adjustment, looking for new momentum to rise again.
The world’s major central banks have already raised interest rates or are close to the peak, and interest rates will fall later. Market analysts believe that the price of gold may fall in the short term, but the long-term outlook is still positive, and it may hit a record high in the near future.
Silver futures for May delivery fell 37.2 cents, or 1.46%, to close at $25.088 an ounce; platinum futures for July delivery rose $5.6, or 0.53%, to close at $1,059.6 an ounce.
