The Dollar Is Strong All The Way, "Soaring", The Gold Slide Is Defeated All The Way.

International spot gold on Tuesday (May 26th) lost all the way, a total loss of more than 20 U.S. dollars, fell below the 1200 barrier, refresh two weeks low 1185.35 U.S. dollars / ounce, continuation of last week's downtrend, because Tuesday released the United States in April deducted aircraft non defense capital durable goods orders significantly better than expected, gold's decline intensified.

Overnight, including the Fed vice chairman Fisher and other officials slightly inclined to support early interest rate increases, while Greece's debt negotiations reached a deadlock and pushed the US dollar index up strongly.

Tuesday (May 26th) received strong U.S. dollar and strong economic data, gold prices fell 2%, back to 1200 U.S. dollars / ounce below.

The price of gold fluctuated near $1187 / ounce after Sanya opened.

Gold touched a 1185 week low of two weeks on Tuesday, the largest single day decline since April 30th.

Fawad, a technology analyst at Forex.com, said: "although the US and European stock markets have fallen sharply, gold has not been supported by any hedging needs."

Razaqzada believes that this makes it difficult to recover sharply.

The US dollar index rose by about 1.3% on Tuesday, after strong performance in some US economic data.

On Tuesday (May 26th), the market returned from Monday's holiday, and many traders returning to the market undoubtedly increased the volatility of the market.

The most important concern of investors in the day is a series of important economic data released by the United States. As a result, the overall performance of these data is good. Once again, the US Federal Reserve raised interest rate expectations earlier in the year, so the US dollar index jumped 1% in the day.

In other markets, the euro fell below 1.09 against the US dollar, dragged down by data from Greece's worries and good health, and spot gold prices plunged nearly 2%, as the US dollar continued to rise and oil prices fell 3%, due to the rising US dollar and ample supply.

Orders for durable goods are better than expected, and the outlook for dollar bulls or "stimulants" rather than the United States and precious metals is suddenly bleak.

After the data was released, the US dollar index rose by 97.18 in the short term, and the euro / dollar fell to a four week low. The dollar / yen jumped to 123.37, once again refreshing its high level since 2007.

Spot gold fell below 1190, and the trend continued to 1185.35, refreshing two weeks low, gold prices fell 20 U.S. dollars in the day, a 1.59% decline in the day.

Spot silver fell below the 17 barrier, expanding to 16.62 and refreshing its two week low.

The Fed's interest rate rise is expected to be boosted and the US dollar is stronger, making gold more expensive for other currency holders.

Raising interest rates also increased the cost of holding gold and weakened demand for gold.

Gold traders will continue to focus on the economic data to be released this week to explore the strength of the US economic recovery and assess how it will affect the Fed's monetary policy.

Markets continue to be concerned about Greece. The country said Monday that it needed urgent assistance to pay up to maturity loans next Monday.

In addition, data showed that the consumer confidence index of the US Chamber of Commerce in May was 95.4, higher than the previous value of 94.3 and the expected value of 95.

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After Yellen made his speech last Friday, the market is expected to strengthen again this year's interest rate rise.

Mitsubishi Corp strategist Jonathan Butler said: "the important US economic data to be released next year may confirm that the interest rate is raised. Whenever the interest rate rises, I think it will be the final defeat of gold." Corp

Barclays said in its previous report that it still believes that the third quarter of this year will be the worst quarterly gold performance in the year, and it is expected that the Federal Reserve will raise interest rates in September.

The downlink will be limited.

Fisher, vice chairman of the Federal Reserve, said on Tuesday.

We have done everything we can to raise interest rates for the market; if global growth slows, the Federal Reserve can slow down the pace of raising interest rates.

He said on Monday that when the interest rate rise will be decided by data rather than by date, it will probably take years for the fed to return to the "normal" level. The current discussion on raising interest rates is still at an early and mild stage.

Fisher's speech showed that the Fed could not raise interest rates at the June meeting.

With the tide of Greek repayment approaching, concerns about Greece's failure to repay and choose a default continue to heat up.

Greek government officials said that the Greek rescue meeting of the Brussels group, which was scheduled to be held today, was cancelled. Greek officials will meet with creditors in Brussels to resume negotiations tomorrow.

Marshall Gittler, head of global currency strategy at IronFX Global, said: "at the moment, the outlook for the euro is bleak. It is doubtful whether Greece can repay a IMF loan due in June 5th, and there will still be a loan to be paid in June 12th.

This is a dangerous moment. "

Ignazio Visco, a member of the European Central Bank's Management Committee and Italy's central bank governor, warned on Tuesday that uncertainties surrounding the outcome of the Greek debt negotiations triggered a "serious tension", which could become an unstable factor in the euro area.

The Fed's rate hike is expected to be a curse for gold this year.

Recently, many officials of the Federal Reserve have made a clear statement that the interest rate rise will be determined by data in the future, which means that the quality of the evening data has greatly affected investor sentiment and triggered large fluctuations in the market.

Yellen, chairman of the Federal Reserve, said Friday that the Federal Reserve will raise interest rates by this year.

Although it is widely expected that the first quarter GDP announced this week will be greatly reduced or plunged into recession, institutional investors generally expect that the US economy will recover strongly after bad weather has subsided.

Fisher, vice chairman of the Federal Reserve, said in a speech Monday in Israel that the market generally expected to raise interest rates in September, but when to start raising interest rates will be determined by data rather than date.

If the US economy grows very slowly, then we will wait.

If the economy grows faster, we will increase interest rates faster.

Aroop Chatterjee, Barclays Bank's foreign exchange strategist, said: "the US economy has basically maintained its growth momentum, and you can see that the US dollar has increased substantially compared with last week, and the environment is still generally good."