金荣中国：以色列准备袭击伊朗核设施，金价破位上行再度单边走高

Market Overview - International gold prices surged significantly on May 20, opening at $3,231.61 per ounce, reaching a high of $3,285.73, a low of $3,204.61, and closing at $3,277.22 [1] Economic Indicators - Federal Reserve's Harker stated that inflation expectations remain stable, and any changes could signal the need for action. The Fed is prepared to remain patient and needs more time to understand how trade policies affect business decisions [2] - Fed's Bostic does not expect a recession but is uncertain when households and businesses will feel secure enough to make long-term spending decisions. Current tariff levels are high, complicating the economic outlook [2] - Fed's Musalem emphasized that if inflation expectations become unstable, prioritizing price stability is crucial. The current monetary policy remains appropriate if trade tensions ease and the labor market remains resilient [3] Geopolitical Situation - Reports indicate that Israel is preparing to strike Iran's nuclear facilities, which could escalate regional tensions and conflict. U.S. officials are divided on the likelihood of such an action [5] - Iran's leadership has expressed skepticism about reaching a conclusion in negotiations with the U.S. regarding its nuclear program, asserting its right to uranium enrichment under the Non-Proliferation Treaty [5] Investment Insights - The largest gold ETF, SPDR Gold Trust, increased its holdings by 0.57 tons, bringing the total to 921.6 tons [6] - The probability of the Fed maintaining interest rates in June is 94.7%, with a 5.3% chance of a 25 basis point cut. For July, the probability of maintaining rates is 70.3% [6] Technical Analysis - Gold prices have shown a strong upward trend, breaking key resistance levels and indicating a potential for continued bullish momentum. Short-term adjustments may be necessary due to overbought conditions [6] - The market sentiment remains cautiously optimistic, with a focus on maintaining a bullish trading strategy [8]