Market Overview - International gold prices opened high and fluctuated, closing at $3,231.59 per ounce after reaching a high of $3,249.78 and a low of $3,206.24 [1] Economic News - Federal Reserve Vice Chairman Jefferson stated that the downgrade of the U.S. credit rating by Moody's will be treated as ordinary economic data in monetary policy decisions, emphasizing the focus on achieving maximum employment and price stability [2] - Federal Reserve's Bostic anticipates one rate cut this year, with potential for earlier action if trade negotiations progress positively [2] - The U.S. Treasury is not expected to announce any trade agreements at the upcoming G7 finance ministers' meeting [3] - India is reportedly discussing a three-part trade agreement with the U.S., with a temporary agreement expected before July [4] Geopolitical Situation - U.S. President Trump announced that Russia and Ukraine will "immediately" begin talks to end the conflict following a phone call with President Putin, highlighting the importance of negotiations led by both parties [6] - Both Trump and Putin expressed support for normalizing U.S.-Russia relations and agreed to continue dialogue on various issues, including a potential prisoner exchange [7] - Putin acknowledged the productive nature of the conversation with Trump and expressed readiness for direct dialogue with Ukraine regarding peace negotiations [8] Gold Market Insights - The largest gold ETF, SPDR Gold Trust, increased its holdings by 2.3 tons, bringing the total to 921.03 tons [9] - According to CME's FedWatch, there is a 91.4% probability that the Federal Reserve will maintain interest rates in June, with an 8.6% chance of a 25 basis point cut [9] Technical Analysis - Gold prices are showing a strong oscillating trend, with short-term support around the 3200 level and resistance near 3250 [12] - Day trading strategies suggest cautious trading with a focus on oscillation, recommending entry points around 3200 for long positions and 3250 for short positions [13]
金荣中国:俄乌或启动停火谈判,金价冲高无果维持震荡
Sou Hu Cai Jing·2025-05-20 02:25