CWG Markets: US dollar got the biggest gain in this week Gold fell to $1,900 level

27 May, 2021

Mr. quales: if the US economy maintains a strong recovery, the Fed will seek to discuss QE reduction at its meetings in the coming months.

Mr. quales: if the US economy maintains a strong recovery, the Fed will seek to discuss QE reduction at its meetings in the coming months.

Bank of America strategists believe that if the Federal Reserve does not do anything, the short-term interest rate caused by excess cash will be zero pressure or will continue until 2022.

The US dollar rose for the first time this week, with the US dollar index up 0.43% to 90.06, the biggest increase since May 21; Earlier, it fell 0.2%.

Spot gold hit demand for non-interest bearing assets, which was hit by the rebound in US debt yield. Gold prices fell from a high of more than four months, reaching the highest $1912.76 since January 8 earlier in the day. COMEX gold futures rose 0.2 percent in June to $1901.20 / ounce, the first time since January to close above the $1900 level.

CFDs (Contract For Difference) are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks and take appropriate care to manage your own risk. Please read our Risk Disclosure carefully.