The Federal Reserve has cut the monthly planned reduction cap of U.S. Treasury securities by more than half. Some comments suggest that the Fed's announced reduction of $35 billion exceeds Wall Street's expectation of $30 billion.

The Committee does not expect a reduction in the interest rate target range to be appropriate until there is greater confidence that inflation will continue to fall back to the 2 per cent target。

Powell said: "We have said that we want to be more confident that inflation will fall to 2%, and I don't think the committee is likely to have that level of confidence at its March meeting in seven weeks' time.。All but two participants agreed that it would be appropriate for us to begin easing the restrictive stance this year by cutting interest rates。"

"Although gold prices retreated after rising to new all-time highs, bullish potential remains intact.。"

While analysts generally believe that the gold market has entered a seasonally strong point, they also believe that it will be difficult to break through all-time highs in the future.。

Moynihan said that if you try to achieve a soft landing... or close to the goal of a soft landing, then in general, when you look at the current data, they have won。

Tesla made a point of announcing this extended installment plan ahead of that meeting, most likely to downplay the impact of the Fed's rate hike on the purchasing power of the auto market。

Before the data was released, there were predictions that the CPI data would slow sharply, but the eventual slowdown in this inflation data was still unexpected。

Following the minutes of the Fed's ultra-hawkish monetary policy meeting, the "doves" of officials also appeared insignificant.。

On June 7, the Bank of Canada announced its interest rate decision, raising the benchmark interest rate by 25 basis points to 4.75%。Prior to this, the Bank of Canada has twice suspended interest rate hikes, and after this resumption of interest rate hikes, the level of interest rates in Canada has reached the highest level since 2001。

The price of gold has been boosted by cooling inflation and weakening expectations of a rate hike, with spot gold standing at $1,980 per ounce as of press time, at 1982..$28 / oz, the daily level is likely to record 5 consecutive positive。Some analysts believe that if the dollar falls further, gold prices are expected to challenge the $2,000 / oz mark。

On May 28, U.S. President Joseph Biden said he had reached an agreement on the debt ceiling with House Speaker Kevin McCarthy, and that the agreement would be submitted to the House of Representatives on May 31 for a vote.。

In the morning session of May 17 in Asia, the offshore yuan fell below 7 again against the dollar after eight months..0 mark, for the first time in the year。During the afternoon session in Asia, the onshore yuan also broke through 7 against the dollar..0 psychological mark, reported 7.0017。

On May 16, the U.S. Department of Commerce announced the monthly rate of U.S. retail sales for April.。While U.S. retail sales rose less than expected in April, the underlying trend remained solid, according to the data.。In addition, a lot of bad news was released at the same time yesterday, dragging down gold prices。Spot gold fell below $1,900 an ounce yesterday for the first time in nearly two weeks。

The U.S. debt ceiling crisis has been slow to resolve, and concerns about the risk of a U.S. debt default continue to provide safe-haven support for gold prices。On the first trading day of the week, gold prices stopped falling and recovered, stopping their daily line for three consecutive years.。