Russia-Ukraine Situation Unresolved, FOMC Minutes Approaching

The situation in Russia and Ukraine is full of variables once again. Since the "Bucha Incident", Europe and the United States have expelled a large number of Russian diplomats and want to impose a new round of sanctions on Russia. Refers to a strong move higher, and both gold and crude oil face direction choices in an environment of long and short anxiety.

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The Russian-Ukrainian conflict is evolving into a longer-term war event, which keeps the market nervous and provides a positive for gold. On the other hand, higher inflation is stimulating the Fed's more aggressive interest rate hike expectations. The increase in interest rates will be negative for yields. Assets - Gold. From a technical point of view, the price of gold is still in a wide range of fluctuations after the non-farm payroll. Only the break of the box of 1895-1950 dollars is expected to usher in a new direction, and the minutes of the FOMC meeting released at 2 am on Thursday may become the fuse. Here The idea of ​​​​maintaining the high altitude and low volume of the box before.

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Crude oil has outperformed gold recently, as the supply and demand side has been effectively boosted, OPEC's continued control of production and Saudi Arabia's announcement to raise oil prices have highlighted optimistic expectations for the outlook for oil demand, as Western sanctions against Russia have also intensified supply impact of shortages. At a time when the outlook for global oil demand is optimistic and short-term concerns on the supply side intensify, there is a chance for oil prices to continue to rebound. From a technical point of view, oil prices have entered a triangle arrangement, and the direction has yet to be confirmed.

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The above content is for reference only and does not constitute the basis for order construction. Investment is risky, and transactions should be cautious.