Market Summary

The US dollar index continued to fall on Thursday (May 28). The adoption of the Hong Kong version of the National Security Law within Japan triggered a rise in market risk aversion, and the recent conflict between the United States and China has shifted from trade friction in 2017 to divergent disputes, and the issue of Hong Kong has become the focus of the near future. In response, the President of the United States announced that a press conference on Chinese issues will be held on Friday. Due to the growing tension between the US and China and the unsatisfactory data release, the US dollar index continued to under pressure after the intraday high of 99.09, and finally closed at 98.47.

Spot gold closed higher on Thursday. After the Asian market opened at $ 1,708.50 / troy ounce in early trading, the gold price was fiercely long and short. After recording an intraday low of $ 1,707.20 / troy ounce, the gold bulls took advantage and the gold price fluctuated upward. Although gold prices in Europe continued to rise, the gains were not lasting, they were stunned by heavy rods, and gold prices fluctuated downward. The long and short gold prices in the US market once again entered a fierce battle, which made the gold price trend more volatile and finally closed at 1718.90 US dollars / troy ounce.

International crude oil closed up US $ 1.54, or 5.80%, on Thursday at US $ 33.59 per barrel. Although the oil market continues to be supported by OPEC's production cut agreements, the US crude oil inventories announced by the US increased significantly within a few days, limiting the increase in oil prices.