CICC Wealth Futures: Gold remains weak, continues to return to rational levels

Some institutions have significantly raised their expectations for Fed rate hikes this year. For example, Deutsche Bank expects the Fed to raise rates once each in September and December, totaling a 50 basis point increase. In addition to rate hike expectations, fluctuations in the US stock market have also greatly impacted gold's liquidity. Gold remains weak and continues to return to rational levels.