The Swiss central bank cuts interest rates again, causing the US dollar to rise on Thursday Recent data has boosted the Federal Reserve's interest rate cut bet, with gold prices soaring over $30 to a two-week high

Due to another interest rate cut by the Swiss central bank, the market focused on interest rate differentials between different countries. On Thursday, June 20th, the US dollar fell against a basket of currencies other than the Canadian dollar, and the US dollar index rose in the overnight market. The gains on the day were expanded, and the US dollar index rose in late trading. The US dollar index, which measures the US dollar against six major currencies, rose 0.32% on the same day and closed at 105.588 at the end of the foreign exchange market.

On Thursday (June 20th), gold prices rose more than 1%, or more than $30, reaching a peak of $2365.35 per ounce, the highest level in two weeks, closing at $2359.87 per ounce. Recent US economic data showed signs of slowing, boosting bets on the Federal Reserve's interest rate cut this year. The gold price has currently broken through the key position of the 50 day moving average of 2343.82, with MACD forming a golden cross and KDJ moving with a golden cross. Before falling short of the 50 day moving average, the short-term trend tends to be bullish, with upward resistance focused on resistance near the June 7 high points of 2387.59 and 2400.