The gold market is changing rapidly, what will be the trend in June?

Gold has performed quite impressively this year, reaching a historical high above $3500 at one point. However, the situation has changed in recent weeks, with gold prices fluctuating and dipping to around $3120 in mid-May. The gold market is constantly changing, so what will happen in June? Huang Tianheng, a precious metals trader at the Industrial and Commercial Bank of China, believes that the minutes of the Federal Reserve meeting emphasize caution in cutting interest rates, weakening the support for gold prices. The US dollar index may not break free from its weak trend in the medium term, continuing to support gold prices. Gold prices may continue to fluctuate in a slightly stronger pattern, making it difficult to replicate the explosive growth seen at the beginning of the year.