Home > Forex channel >                 text

The breakthrough that gold can't wait for it may appear in May.

May 15, 2019 19:57
source: Gold headline

Oriental Fortune APP

  • Convenient
  • Mobile phone viewing financial news
  • Professional, rich
  • Master the pulse of the market

Read articles on your phone

  • prompt:
  • WeChat sweep
  • Share it with you
  • Circle of friends

K map gc00y_0

Although the price of gold will fall back to $1,300 per ounce this week, May may indeed be a good time for the gold market to perform well.

According to Orchid Research, the gold market should have risen long ago, and this month may be the time to break through.

Affected by trade disputes, the price of gold rose sharply this week. On Tuesday, spot gold prices rose to a new high of $1,303 per ounce.

The agency said the dollar will be under pressure this month, influenced by inflation and the Fed's attitude.

Although there has been no breakthrough in the gold upside, there is solid support in the downside of the $1275 to $1,285/oz area.

“In the short term, we are bearish on the US dollar. The environment in which inflation is suppressed will force the Fed to maintain its dovish position for a longer period of time, which will eventually bring downward pressure on the US dollar.”

(Article source: Gold headline)

                (Editor: DF134)

you might be interested
  • News
  • stock
  • global
  • Hong Kong stocks
  • US stocks
  • futures
  • Foreign exchange
  • life
    click to see more
    No more recommendations
    • Code
    • name
    • Latest price
    • Quote change
    Please download Oriental Fortune products to view real-time quotes and more data.
    Solemnly declare:Oriental Fortune.com publishes this information in order to disseminate more information and has nothing to do with the position of this website. Oriental Fortune Network does not guarantee the accuracy, authenticity, completeness, validity, timeliness, originality, etc. of all or part of this information (including but not limited to text, data and graphics). The relevant information has not been confirmed by this website, and does not constitute any investment advice for you. According to this operation, the risk is at your own risk.