Huatai Futures: Market risk sentiment has begun to emerge, and the demand for gold investment may slightly weaken.

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The geopolitical situation has taken a sharp turn downward. The U.S. Central Command announced that U.S. Central Command forces began what they called "self-defense strikes" against multiple targets inside Iran at 17:15 Eastern Time on the 10th. The statement said that this strike was aimed at responding to Iran's "baseless and ongoing" acts of aggression. The Iranian armed forces' Hatem Abiyah Central Command issued a statement saying that, given the turbulent security situation in the region, the Strait of Hormuz is now closed to all types of ships, including oil tankers and merchant vessels, and any attempt to pass through the strait "will be met with attack."
On the economic data front, the U.S. May unadjusted CPI year-over-year rose 4.2%, in line with expectations and up from 3.8% previously; the seasonally adjusted CPI rose 0.5% month-over-month, in line with expectations and down from 0.6%; the unadjusted core CPI increased 2.9% year-over-year, matching expectations and up from 2.8%; the seasonally adjusted core CPI rose 0.2% month-over-month, slightly below expectations of 0.3% and down from 0.4%.
Currently, market risk sentiment has begun to develop, and demand for gold investment may slightly weaken. Therefore, it is expected that gold prices will mainly fluctuate in the near term. (Huatai Futures)
GLDX-1.60%
PAXG2.84%
XAU2.82%
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