TechFlow, May 16 — According to Jinshi Data, Everbright Futures reported that on May 15, COMEX gold prices rose 1.74% to $3,243.90 per ounce, while the main SHFE gold contract increased 1.22% to 754.32 yuan per gram. On the data front, the U.S. industrial production month-on-month rate for April was 0%, missing the expected 0.2% and following a previous reading of -0.30%. Regarding rate cuts, Powell stated that the Federal Reserve is adjusting its overall policy framework, noting that zero interest rates are no longer a baseline scenario and that wording around shortfalls in employment and average inflation needs reconsideration. The latest CME "Fed Watch" data shows a 91.7% probability of unchanged rates in June, with an 8.3% chance of a 25-basis-point cut; by July, the probability of unchanged rates stands at 63.2%, a cumulative 25-basis-point cut at 34.2%, and a cumulative 50-basis-point cut at 2.6%. Overall, April's U.S. industrial production data fell short of expectations, prompting a rebound in gold overnight. Investors should note that market expectations for the timing of Fed rate cuts have been delayed.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
