TechFlow news, on May 15, according to Jinshi Data, U.S. retail sales data and Producer Price Index (PPI) will be released tonight at 20:30, followed by a speech from Federal Reserve Chair Powell at 20:40. The market hopes Powell will signal rate cuts, but analysts believe he is more likely to focus on the assessment of the Fed's monetary policy framework. From a technical perspective, if gold fails to return to the $3168–$3170 range, it may fall further toward $3100. Currently, investors' expectations for Fed rate cuts this year have dropped to around 50 basis points, significantly lower than last month's expectations.
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