Gold is undergoing adjustments due to these factors.

21 hours ago

1. In terms of geopolitics, Trump believes that both Iran and Israel have violated the ceasefire agreement, but he also said that neither Iran nor Israel will face consequences for violating the agreement. Iran said it is ready to have a dialogue at the negotiating table.

2. In terms of interest rate cuts, Trump continued to call on the Fed Chairman, saying that interest rates should be cut by at least 2 to 3 percentage points. However, several Fed officials made dovish remarks. Hammak said there is no urgent reason to cut interest rates at present; Bostic said there is no need to cut interest rates at present, and a 25 basis point cut is expected later this year. The latest CME "Fed Watch" data shows that the probability of keeping interest rates unchanged in July is 81.4%, the probability of a 25 basis point cut is 18.6%, the probability of keeping interest rates unchanged by September is 14.8%, the probability of a cumulative 25 basis point cut is 70%, and the probability of a cumulative 50 basis point cut is 15.2%.

3. In general, the situation in the Middle East is cooling down. Even if there are still repetitions in the short term, the general direction may remain unchanged. At the same time, Federal Reserve officials are not in a hurry to cut interest rates. The next rate cut is expected to be in September. In the short term, the support for gold from these two factors is weakening, and the market is undergoing adjustments.

4 minutes ago

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