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BlockBeats News, July 1st, the latest research report from CICC pointed out that the current gold price may have already priced in the rate hike expectations. A Fed rate hike is still not the base case scenario, and the gold market may have overly incorporated the rate hike expectations, leaving room for retracement later this year. CICC's macro team believes that the increasing pressure from employment and consumption and the expanding financing demand from the U.S. AI economy may make it difficult for the Fed to substantially turn hawkish, and the monetary policy could be more of a "naming hawk, acting dove" approach. Based on the implied interest rate expectations from the gold price, the current price of around $4000 per ounce has already fully priced in 3-4 rate hikes, which is higher than the rate futures market's expectations. Looking ahead, after further reflection of the oil price drop in the U.S. short-term inflation data, the gold market's pricing of rate hike expectations may be corrected, providing an opportunity for short-term funds to reposition in the futures market. (FX678)

Golden Ten Data reported on July 1st that the latest research report from CICC points out that gold may have already been over-priced on rate hike expectations. A Federal Reserve rate hike is still not the base case, and the gold market may have excessively priced in rate hike expectations, leaving potential room for pullbacks within the year. The CICC macro team believes that employment and consumption pressures, as well as the growing financing demand from the US AI economy, may make it difficult for the Federal Reserve to turn hawkish in substance, and monetary policy may be "hawkish in name, dovish in practice." According to the interest rate expectation model implied by gold prices, rate hike expectations have been priced in even more than those in the interest rate futures market. Looking ahead, after the decline in oil prices is further reflected in US short-term inflation data, gold market pricing of rate hike expectations may be corrected, and there could be opportunities for short-term capital replenishment in the futures market at that time.

The topic under discussion is: how to keep egg prices high. The US Department of Justice stated that just days before Christmas, the CEO of Hickman's Egg Ranch, based in Arizona, devised a way to boost the benchmark price in the egg industry. If Hickman's and other major egg companies aggressively bid for eggs on the wholesale market exchanges, they could push up a key pricing indicator that affects how much consumers pay at grocery stores. A federal court filing released this week reveals that someone allegedly involved in the conspiracy stated: "As a whole, we need to bid like Chicagoans vote—early and often." The complaint filed in federal court in Iowa describes how a handful of large egg producers have, over the years, attempted to manipulate a little-known pricing process that plays a crucial role in setting the price Americans pay for eggs. Antitrust enforcement officials said that from 2022 to 2025, executives from Cal-Maine Foods, Hickman's, and Versova coordinated bidding and transactions through phone calls and messages.