On May 8th, COMEX gold closed at 2316.Survivorroulette.10 US dollars per ounce, down 0.35%; domestic SHFE gold night trading closed at 548.72 yuan / g, down 0.11%.

After Minneapolis Federal Reserve Chairman Kashkari released the "eagle language", overnight official Collins said that there was a risk of cutting interest rates too early, and officials' repeated hawk statements may put pressure on the market again. The GDPNow model of the Atlanta Fed shows that GDP growth in the United States may be 4.2% in the second quarter, compared with 3.3% in the previous forecast of GDP growth. A positive forecast of economic strength may further deal a blow to market expectations of interest rate cuts. Peter Morich, an honorary economics professor at the University of Maryland, called on the Fed to raise interest rates, arguing that on the one hand, immigration relieves the pressure on the job market but does not bring large incremental capital, on the other hand, investment in new technologies needs financial support. that is, now that the US economy has a higher demand for savings and spending, raising interest rates may help America's trend growth rate go higher, and the Fed should not be too keen to curb inflation. The presence of such voices could signal a deepening divergence in market sentiment and expectations of interest rate cuts or cooling again, which could weaken gold prices in the short term.

Data sourceSurvivorrouletteWind, Jinshi data, Everbright Futures Research Institute

Written by Shi Shiming

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