πŸ“Š Market Snapshot

  • πŸ₯‡ Spot Gold $4,455.24 | β–Ό -$32.99 (-0.74%) | Intraday range 4,450–4,497
  • πŸ›’οΈ WTI Crude $97.518 | β–² +$2.25 (+2.36%) | Intraday range 95.38–97.79

πŸ”₯ Key News This Hour

  1. ⚠️ US government formally appeals tariff refund ruling β€” Involves ~$166B in tariff revenue; the already-initiated refund process may be blocked, trade uncertainty reignites

  2. ⚠️ Trump plans two-tier tariffs on 60 countries β€” Using “forced labor” as justification, imposing 10%-12.5% tariffs on 60 economies including Canada. The tariff wall returns.

  3. πŸ“‰ Wush plans radical overhaul of Fed communication β€” Plans to abolish forward guidance and quarterly dot plot. Reform may launch mid-June. Market pricing logic faces restructuring.

  4. ⚠️ NATO Secretary General Rutte arrives in Kyiv β€” Clear geopolitical signal. Watch for follow-up military aid announcements.

  5. πŸ“ˆ France May Services PMI Final 44.3 β€” Beats expectation of 42.9. Eurozone economy shows marginal improvement.

  6. πŸ“ˆ OECD predicts BOE holds rates this year β€” Rate cut may wait until 2027. High-rate environment continues.

πŸ“Œ Situation Assessment

Tariffs are escalating again β€” US government appeal + plans for new 60-country tariffs. Clear signal of rising trade friction. Safe-haven sentiment should support gold, but gold reversed lower today, suggesting the market is pricing the logic chain of “tariffs β†’ higher inflation β†’ more hawkish Fed.”

Crude surged 2.36% approaching $98. Geopolitics (Rutte in Kyiv) plus tightening supply expectations keep the short-term outlook bullish.

Tonight’s focus: US JOLTS job openings and factory orders. If labor market weakness signals are further confirmed, Fed policy pivot expectations will reassert themselves.

⏰ Key Upcoming Data (Beijing Time)

  • 22:00 πŸ‡ΊπŸ‡Έ US April JOLTS Job Openings
  • 22:00 πŸ‡ΊπŸ‡Έ US April Factory Orders MoM
  • 22:00 πŸ‡ΊπŸ‡Έ Durable Goods Orders Final