The dual pressure of the US Iran standoff and hawkish risks from the Federal Reserve has led to a two month low in gold prices BlockBeats News: On May 28th, according to the financial website Investinglive, gold prices fell to a two month low this week due to the lack of substantial progress from the US and Iran, as well as hawkish risks from the Federal Reserve. Despite market expectations that an agreement is about to be reached and the Strait of Hormuz is about to reopen, the authorities have not yet released any definite news. At present, there is only a lot of noise and rumors. In addition, in the past few days, the US and Iran have carried out limited military strikes against each other, but the US continues to state that the ceasefire agreement is still valid. On the Federal Reserve's side, an increasing number of policy makers are now advocating for abandoning the accommodative approach, so we can expect this to happen at the June FOMC meeting. In addition, if there is no change in the US Iran situation before this, the market may face a hawkish surprise as inflation remains high and US data remains resilient. In the short term, if the situation is resolved and the strait is reopened, the expected decline in oil prices and interest rate cuts may support gold prices. But if the strait remains closed for a longer period of time and oil prices remain high, the risk of the Federal Reserve being forced to raise interest rates will increase. (Golden Ten)