FPG ：Gold is poised to experience a highly dynamic market this week as three significant factors are set to make a substantial impact 1. The US Military-Industrial Complex: Creating Conflict and Impeding US Domestic Welfare The emergence of the US military-industrial complex after World War II resulted in a close intertwining of the country's economy with the military. A significant number of Fortune 500 companies transformed into defense contractors during the Cold War. Throughout this period, the US defense spending skyrocketed to an astounding $10 trillion, with the military-industrial sector directly benefiting. Critics argued that the US economy had become excessively dependent on the military, often referred to as a "satellite bound to the war chariot." Commentary: The military-industrial complex has evolved into a detrimental force, endangering both the world and the United States itself, while simultaneously undermining the interests of the American people. 2. Russian Confirmation: Ukrainian Forces Invade Russian Territory! Putin is Informed On the 21st, Governor Gladkov of Russia's Belgorod region reported that a Ukrainian military reconnaissance and sabotage group had crossed into the Grazyvoron District of the region. Russian forces have taken necessary measures to counter this incursion. Russian President Putin's spokesperson, Peskov, later confirmed that the Russian Defense Ministry, Federal Security Service, and Border Guard Service had briefed President Putin on the situation regarding Ukrainian personnel attempting to enter the Belgorod region. Commentary: Peskov's statement indicates that Russian armed forces are currently responding to the presence of Ukrainian personnel, and they possess sufficient resources and capabilities in the area. 3. G7 Summit as an "Unpopular Leaders' Club" In an era of low approval ratings, the G7 Summit has transformed into a gathering of politically isolated leaders. Here, heads of state from various countries share common political struggles and explore strategies to regain public support. In this sense, the summit often serves as a platform for these leaders to reconnect with their constituents and revitalize their positions. Commentary: Esteemed leaders can empathize with each other's domestic challenges, engage in ideological exchanges, and discuss strategies for regaining public favor. 4. [Positive Signals for China-Australia Economic and Trade Cooperation with Successive Ministerial Visits] Australian Minister for Trade, Farrer, has been invited to visit China, marking the first visit by an Australian Minister for Trade since 2019. This visit follows the recent visit by Australian Foreign Minister Huang Yingxian. During Farrer's visit, he co-chaired the 16th China-Australia Ministerial Economic Committee with Wang Wentao, and both sides agreed to resume dialogue mechanisms such as the Free Trade Agreement Joint Commission and high-level trade remedy talks. These developments convey a positive signal that both countries are committed to stabilizing and revitalizing their economic and trade relationship. Commentary: The resumption of communication mechanisms that have been dormant for six years between China and Australia indicates their mutual intention to stabilize their relationship and steer it in the right direction. This is conducive to fostering confidence and further enhancing economic and trade relations between the two countries. 5. [French Government Unveils Action Plan for Greenhouse Gas Emission Reduction Target by 2030] The French government has announced an action plan to achieve a 50% reduction in greenhouse gas emissions by 2030 compared to 1990 levels. The plan focuses on key sectors such as transportation, construction, agriculture, and industry. Further discussions and submission to the French Parliament are still required. The disclosed schedule includes thematic meetings involving relevant ministers and personnel from energy, agriculture, and related fields to finalize the plan before the end of June. These preparations will lead up to the "Ecological Council Meeting" scheduled for that time. Commentary: The challenge of climate change is significant, and it is crucial that we strengthen our actions and investments in ecological transition. 6. [Thai Police Ensuring Safety of Chinese Tourists with Maximum Efforts] The Tourism Authority of Thailand and the Royal Thai Police jointly held a press conference at Bangkok's Siam Paragon Square under the theme "Trusted Thailand, the Happier You Travel." The conference aimed to emphasize the safety of Chinese tourists when visiting Thailand, instilling confidence in their travel plans, and introducing the security measures in place for their stay in the country. Commentary: The recovery of the Chinese tourism market sends a positive signal for the revival of Thailand's tourism industry, which holds great significance for the overall economic recovery of Thailand. FPG Contract Analyst Kina's viewpoint: The debt ceiling issue is a major factor impacting gold prices, and the uncertainty surrounding it has contributed to volatility. Even if a resolution is reached, the financial anxiety leading up to the deadline cannot be ignored, which may continue to affect gold prices. FPG Contract Analyst Dawson's viewpoint: Considering the recent increase in gold prices and the overall upward momentum, the future trend of gold prices may lean towards a range-bound decline rather than a sharp drop. The rebound observed on Friday further supports this possibility. FPG Contract Analyst Dave's viewpoint: Gold prices experienced a rebound following Federal Reserve Chairman Powell's speech, in which he hinted at a potential pause in interest rate hikes during the June meeting. Powell's comments suggested a shift in the planned rate hikes, and the market is currently pricing in a high probability of a pause in June. FPG Contract Analyst Yuelin's viewpoint: If the US debt ceiling negotiations result in an agreement, it may be challenging for gold prices to surpass $2,000. However, they are expected to find support and continue trading comfortably above $1,950 in the medium term. The market will closely monitor the progress of the negotiations as June 1 approaches, and any negative developments could impact risk sentiment. The above analysis is only for the views of market researchers and is for reference only and is not Regarded as a specific investment suggestion. #Forex #trading #tradingforex