The US "Terrorist Data" Will Strike This Week / The Price Of Gold May Fall By Nearly 35 Dollars
On Tuesday, US retail sales data, known as “terrorist data,” attracted much attention from the market. According to data from Investing.com, the US May retail sales data will drop by 0.7% from the previous month. Economists also generally expect the monthly rate of US May sales retail sales to decline, which is the first decline since February, reflecting the Retail sales have slowed after an exceptionally strong 10.7% month-on-month increase in March. In addition, this week is Super Central Bank Week. In addition to the Fed's meeting on interest rates on Wednesday, the Bank of Japan and the Swiss National Bank will also announce interest rate resolutions. In addition, China will also hold a press conference on the operation of the national economy of the National Bureau of Statistics of China on Wednesday, when a series of heavy economic data will be released.
On Tuesday (June 15) in the Asian market in early trading, spot gold was basically stable, and the price of gold is now at around $1866 per ounce; gold prices fluctuated sharply in the overnight market. The price of gold fell by more than 1.7% on Monday, mainly because some investors were concerned that the Fed might outline the path to curtailing its expansionary monetary policy at its two-day meeting this week. Spot gold closed at US$1,865.96 per ounce on Monday, down US$11.65 or 0.61%. It once hit a low of US$1,84.52 per ounce during the session, which was a drop of US$33 from the daily high of US$1,877.74 per ounce, but then rebounded from the low to US$1,860 per ounce above.
