U.S. services sector slows, markets see dovish reaction
The U.S. ISM non-manufacturing index fell to 50.3 in May, a new low in 2023, and business activity and orders fell, and the price payment index hit a three-year low. UBS: It is expected to complete the acquisition of Credit Suisse Bank as early as June 12, 2023. U.S. regulators could propose raising overall capital […]
Revised interest rate cut expectations revived, how will gold go after the non-farm payrolls?
The U.S. President signed the debt ceiling bill, temporarily avoiding the U.S. government from defaulting on its debt. The bill suspends the debt ceiling until early 2025 and places spending limits in fiscal years 2024 and 2025. The “Fed Microphone” stated that the non-agricultural report did not resolve the interest rate dispute within the Federal […]
Interest rate hike bets continue to fade, can non-farm payrolls do what the bulls want?
1. The latest progress on the US debt ceiling issue Members of both parties in the US House of Representatives jointly passed the debt ceiling bill with 314 votes in favor and 117 votes against, and the bill will then be submitted to the Senate. US Senate Majority Leader Chuck Schumer said he is optimistic […]
Why is the short-term gold market repeatedly pulled?
1. The latest progress on the US debt ceiling issue(1) The procedural vote on the bill to suspend the US debt ceiling has been passed by enough votes in the House of Representatives, and voting continues. The Senate’s No. 2 Republican, John Thune, said on Wednesday the Senate was on track to pass the bill […]
Gold holds trendlines to support rebound, but such news should not be taken lightly in the near term
Debt ceiling bill – A key Republican member of the House rules committee will support the bill, the vote may be advanced, some lawmakers have submitted amendments, and the Treasury Department cash is back to $54.5 billion. US Republican Representative McHenry and Democratic Representative Boyle said that there will be enough votes to support the […]
Gold holds steady in thin trade as near-term default risk eases slightly
Biden and House Speaker McCarthy are each stepping up their party lobbying for a debt-ceiling agreement, both expressing optimism about the prospects, and moderate and pragmatic heavyweights from both parties have also made initial supportive statements, but as of Monday local time At noon, House Minority Leader Jeffreys had yet to express public support for […]
The debt ceiling crisis has been initially lifted, but this week gold still has this test
1. U.S. Debt Ceiling Issue UpdateThe White House and Republican negotiators have reached a tentative agreement on raising the U.S. debt ceiling, which is expected to be released on Monday morning Beijing time, voted in the House of Representatives on Wednesday, and the Senate on Friday or over the weekend. Biden said he was confident […]
Gold may be hit by data again tonight, and it is currently counting on this factor to support it
1. Progress on the US debt ceiling issueAccording to people familiar with the matter, a stripped-down version of the U.S. debt ceiling agreement has taken shape, with the gap between the two sides’ discretionary spending proposals less than $70 billion, and Republicans willing to make concessions on defense spending. McCarthy said that no agreement was […]
The minutes of the meeting were generally hawkish, and gold bears regained confidence
1. Fed minutes highlight internal divisionsThe minutes of the Fed meeting showed that officials were divided on the pause in raising interest rates in June, with some participants saying that further policy tightening may be needed at future meetings. Officials agreed that inflation was too high and falling more slowly than expected, stressing that it […]
The Saudi oil minister warned that the good days of crude oil shorting are coming to an end?
1. Related to the US debt ceiling issueOn Tuesday, U.S. House of Representatives Speaker McCarthy said a deal had not yet been reached, but believed a deal could still be reached by June 1. The two sides are understood to still have major disagreements over spending, with no talks currently scheduled.On Tuesday local time, Federal […]
