Last Friday, spot gold rose sharply, breaking through the $3,400 mark and reaching a high of $3,446.71, hitting a new high in nearly two months. The Asian market opened today and strengthened, with the gold price breaking through the $3,450 mark. It rose nearly $20 within the day, but then began to correct and is currently hovering around $3,415.

Super Central Bank Week!

Last week, the Dow Jones Industrial Average dropped by 1.32%, the S&P 500 Index fell by 0.39%, and the Nasdaq Composite Index declined by 0.63%.

This week, the global “Super Central Bank Week” is approaching. The market will witness a crucial Federal Reserve interest rate decision, while central banks in Japan, Switzerland, the United Kingdom and other countries will also hold monetary policy meetings one after another. Investors are on high alert.

First of all, the Federal Reserve’s interest rate meeting.

On Thursday (June 19th) Beijing time, the Federal Reserve will release its latest interest rate decision as well as a new round of economic forecasts and interest rate path expectations (interest rate dot plot).

The market currently widely expects that the Federal Reserve will hold its ground for the fourth consecutive time at this week’s policy meeting. Traders’ focus will shift to policy statements, the press conference of Federal Reserve Chair Powell and the interest rate dot plot.