The US economic growth rate decreased The US dollar fell on Thursday, and gold will face the test of US PCE data
On Thursday, May 30th, as GDP data boosted market confidence in interest rate cuts, the US dollar index fell from its high in over two weeks and ultimately closed down 0.433% at 104.68.
The market's demand for safe haven increased, and the US dollar got a significant increase on Wednesday Be wary of the risk of a sharp drop in gold prices
On Wednesday (May 29th), the US dollar index rebounded for the second consecutive trading day, rising above the 105 level and ultimately closing up 0.487% at 105.14.
The yield of US treasury bond bonds rose significantly The US dollar rose slightly on Tuesday, Gold price rebounded with three consecutive bullish days
The US dollar index, which measures the US dollar against six major currencies, rose 0.02% on May 28th and closed at 104.614 at the end of the foreign exchange market.
The US dollar fell last Friday Gold hit its largest weekly decline in five and a half months due to weakened hopes of interest rate cuts from the Federal Reserve
On May 24th (last Friday), the US dollar fell against a basket of currencies other than the Japanese yen
x

WARNING and please be advised:

It has come to our attention that a number of unauthorised firms /individuals have cloned our website content, logo and social media pages of CWG Markets Limited. Please be advised that these unauthorised firms have also been contacting consumers via various messaging apps such as WhatsApp, Facebook, Wechat.It should be noted that there is no connection whatsoever between the CWG Markets Limited, an authorised firm, and the unauthorised entities/ individuals that have cloned our details. If you’ve been scammed or contacted by an unauthorised firm / individuals – or a firm you suspect is not legitimate – you can report to us [email protected]

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.