On May 23, COMEX gold prices fell 2.5 percentliveroulettecasinosite.60% to 2,353liveroulettecasinositeAt US$.00 per ounce, Shanghai gold masters fell 2.05% to 552.66 yuan per gram overnight.
Overnight market, the United States multi-caliber PMI data was released, and PMI data in all dimensions showed different magnitudes of increase. Specifically, the initial value of the S & P global manufacturing PMI in the United States exceeded expectations in May, recording 50.9, a new high in two monthsliveroulettecasinosite; The initial value of the U.S. S & P's global service industry PMI in May also exceeded expectations and rose, recording 54.8, a new high in 12 months.liveroulettecasinosite; The initial global comprehensive PMI for the United States recorded 54.4 in May, a new high in 25 months.
In addition, the job market has changed from its month-to-date weakness. The number of initial jobless claims has fallen back after rising beyond expectations for two consecutive weeks, showing a positive trend. Data showed that the number of initial jobless claims in the United States for the week ending May 18 fell lower than the expected value (220,000) and the previous value (revised to 223,000), recording 215,000.
Whether it is the strong PMI data of various caliber or the recovering job market data, it all reveals that the U.S. economy may still be full of resilience. Recently, the Federal Reserve has been hawking one after another. While inflation is blocked, interest rates may be cut again. Market sentiment will be damaged. Gold prices may be weak in the short term, waiting for more inflation data guidance.
Source: Wind, Jinshi Data, Everbright Futures Research Institute
Written by: Wu Aihua
Qualification: F3074355
Investment consulting qualification: Z0017696
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