Tachimuki Takaaki 'Weekly Gold Market Outlook' June 12, 2023 issue

Nikkei Investment Daily Company President and a master of cycle analysis, Takashi Kabuki, writes a weekly outlook on precious metal markets.

This is the weekly Gold Market Outlook report authored by Takashi Kabuki.

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This week, with May CPI release and the FOMC looming, it looks to be a difficult week for movement. For this FOMC, most expect rates to be left unchanged. However, there is also a view that rates may be raised at the subsequent July meeting. The CPI released beforehand may determine the direction. If the numbers are strong, the market may anticipate further rate hikes in June as well, which would be a surprise and cause a large market reaction. Of course, gold would fall sharply. On the other hand, if the rate hike is stopped as expected, gold may rebound, but if a hawkish note such as a July rate hike is added, the rebound may fade quickly and gold could close negatively.

Please refer to the PDF for the continuation.

【Takashi Kabuki — Profile】

Graduated from Kansai Gakuin University, Faculty of Economics. In 1995, partnered with renowned U.S. market analyst Raymond Merriman to publish the world’s first domestic market cycle and astrology reports. He is well known for cycle and astrology-based market analysis. CEO of Investment Daily Co., Ltd.; President of Investment Daily Publishing Co., Ltd.; Director of Wakabayaoshi FX Associates, Inc.; Member of the Japan Technical Analysts Association; Editor-in-Chief of Investment Daily α.

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