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International spot gold/spot silver fell back on Thursday (June 2) after the Federal Reserve announced yesterday that it would maintain interest rates, but the price of gold remained stable at the front line Above, the U.S. market fell to an intraday low of .USD/oz, and silver prices remained stable above the US dollar mark. The Federal Reserve policy meeting decided to imply that interest rates will be raised later this year. Although the meeting statement was hawkish, gold prices remained stable. Silver remains strong. Since the Federal Reserve has not given a clear timetable for raising interest rates, gold remains somewhat supported. The number of people filing for unemployment benefits in the United States last week unexpectedly increased due to seasonal factors, but it still proves that the current labor market is strong and has not been affected. This puts pressure on gold and silver gains.

The Federal Reserve kept interest rates unchanged on Wednesday, giving gold a short-term upward momentum. As Japan is about to start a new round of money printing war, the yen will further depreciate and the US dollar will further rise. Priced gold poses upward pressure. The Bank of Japan will announce its interest rate decision on Friday. Analysts expect that the Bank of Japan may take the following measures this week to increase the scale of purchases. The current scale is one trillion yen to expand the scale of real estate investment trusts. The current scale is 100 million yen to increase the scale of government bond purchases and further reduce negative interest rates. . The most likely of these are increased buying and interest rate cuts. From a technical perspective, gold's support area has become the next resistance level after its upward breakthrough. If the buying interest continues, it will provide momentum for the upward movement of gold prices, thereby clearing obstacles. From a downward perspective, gold's short-term support is on the first line. Once this line is broken down, it means that the downward space is opened, and the next support direction will be looked at.

br/ Thursday’s trend statement

The international spot gold price in Asia opened at .USD/oz in early trading on Thursday (June), then fell briefly, then fluctuated upward, and the gold price fluctuated. Increase. The European market continued its volatile trend, with gold prices ups and downs, recording an intraday high of USD/oz and then turning lower. The price of gold in the U.S. market fell sharply and continued to fall, recording an intraday low of $.USD/ounce and then stabilizing and rebounding. The decline eased, and finally closed at $.USD/ounce, down by $.%. At the same time, spot silver opened at .USD/oz on Thursday, hit a high of .USD/oz, hit a low of .USD/oz, and closed at .USD/oz, down .USD, or .%.

br/ Fundamental positive factors

On Wednesday (July 2), the Federal Reserve announced that it would keep interest rates unchanged, with the upper limit of interest rates still at .% and the lower limit of interest rates still at .%. The Federal Reserve said that market-based inflation expectations remain low, short-term risks to the economic outlook have decreased, and employment data indicate that labor utilization has improved and the economy is expanding at a moderate pace. We reiterated that we will pay close attention to the development of the global and financial situation and implement gradual interest rate increases based on future economic trends.

Data released on Wednesday (July 2) showed that the monthly rate of durable goods orders was lower than expected and recorded the largest decline since January, indicating that external environmental shocks are affecting the development of the U.S. manufacturing industry. The U.S. Department of Commerce announced that U.S. monthly durable goods orders fell by .% from the previous month. It is estimated to be a decrease of .% and the previous value was a decrease of .%.

According to the latest report, the monthly seasonally adjusted contracted sales of existing homes in the United States fell short of expectations, recording only a slight increase. Data released by the National Association of Realtors on Wednesday (July 2) showed that contracted sales of existing homes in the United States increased by .% on a month-on-month basis after seasonally adjustment, compared to estimates of a growth of .%.

br/ Fundamental negative factors

According to a government report on Thursday (Month), the number of people filing for unemployment benefits in the United States unexpectedly increased last week, but it still proves that The current strong labor market has not been affected. Data released by the U.S. Department of Labor show that the number of people filing for unemployment benefits increased from . .Ten thousand people.

The U.S. Department of Commerce announced on Tuesday (July 2) that monthly new home sales in the U.S. recorded strong growth, hitting the highest monthly level since 2009, suggesting that the U.S. real estate market is developing healthily. Detailed data shows that the annual rate of monthly new home sales in the United States was seasonally adjusted to 0.00 million units, compared with the estimate of 0.000 units. New homes account for about .% of the entire property market. The Wall Street Journal commented on the annualized data of the total monthly new home sales in the United States and said that this data recorded strong growth. The monthly new home purchase growth rate recorded .% month-on-month, hitting the highest monthly level since 2009. In the first half of the year, U.S. new home sales grew steadily. This implies that the U.S. real estate market has developed healthily in a low interest rate environment.