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On Thursday (May 5), in the morning trading of Asian market, spot gold rose sharply in the short term. The gold price just exceeded $1895 / ounce, and the daily increase reached nearly $15;
Currency: EUR / USD
Resistance level 2:1.0710
Resistance level 1:1.0652
Currency: EUR / USD
Resistance level 2:1.0630
Resistance level 1:1.0580
Fed Governor Michelle Bowman said on Saturday she supports the Fed's recent sharp rate hikes and believes it will likely continue to raise rates until inflation is contained.
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The negotiations between Russia and Ukraine reached an impasse, the oil price rebounded, and the prices of the US and Burundi topped the short-term decline channel. Gold rose to avoid risk, and New York gold reported $1970.30 per ounce overnight;
The gold market fell nearly 4% last week, the worst weekly performance since mid June 2021. Last Friday, the gold price once fell below the 1800 integer mark, reaching as low as US $1798 / ounce.
