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The spot gold price rose above the US dollar, Uncertainty over monthly interest rate hikes

Spot gold prices rose by 1% on May, to above the U.S. dollar per ounce, the largest one-day rise in more than seven weeks, as the U.S. dollar fell and Fed officials' speeches Monthly interest rate hikes bring uncertainty.

The chronic death of commodities is not unfounded

In recent years, commodity prices have continued to fall, and the price decline is expected to continue. Commodities are sinking deeper into a bear market as the global economy remains weak, the bleak economic outlook for demand-heavy countries such as China and the strength of the U.S. dollar have pushed commodities deeper into a bear market. A large number of investors misjudged the situation and suffered unnecessary losses.

In the United States

The U.S. dollar’s replenishment has died down, and the recovery of oil prices is on its own

On Monday, October 1, the Federal Reserve Fisher made dovish remarks, and With Greece in the Eurozone easing, investors have exited the US dollar long positions established since last month, and the US dollar index has weakened under the selling pressure of long covering. On the other hand, crude oil prices were supported by a weaker US dollar.

Federal Reserve Lockhart The Federal Reserve is very close to raising interest rates

Atlanta Fed President Lockhart said in a speech on March 1 that the current U.S. economic situation is no longer so abnormal and the Federal Reserve is very close. rate hike. Lockhart expects U.S. data in the coming months to show stronger growth and a tighter job market, and believes there is evidence that inflation is rising.

Fed Lockhart The U.S. unemployment rate is only slightly higher than the level at full employment

Atlanta Fed President Lockhart said on September 1 that the U.S. unemployment rate is only . That's slightly above the level economists consider consistent with full employment. He has previously said he would be inclined to raise short-term interest rates in March as long as he sees no new conclusive evidence that the U.S. economy is off track. He has a vote this year.

Former Federal Reserve Chairman Alan Greenspan has yet to show signs of a rebound in oil prices

Former Federal Reserve Chairman Alan Greenspan said in an interview with foreign media on March 1 that there is no sign of a rebound in oil prices yet. signs even as crude oil prices moved much lower. Greenspan also believes that additional supply from U.S. crude production is driving crude prices lower.

Fed Fisher's U.S. low pass rate is extremely low, but only temporarily

Fed Vice Chairman Fisher said in an interview with foreign media on March 1 that low interest rates are intended to help The U.S. economy is recovering, and low interest rates are of great help to U.S. employment. However, U.S. employment is rising rapidly and is close to full employment. Fisher also said that U.S. inflation is extremely low, but only temporarily.

The U.S. index is protected by interest rate hikes, but the tragedy of crude oil continues

After the super week is over, although the new week lacks major events to help, the beginning of the week , the U.S. index has been gradually getting rid of last week's shock trend, trying its best to strengthen, and is currently testing the mark. Non-US currencies weakened across the board, commodity currencies fell significantly, international oil prices once again hit multi-month lows, and the tragedy of crude oil continues.