On May 29th, according to the analysis of China Securities Futures, the impact of the banking crisis on the market is gradually easing. With the approach of the interest rate decision in June, the market will refocus on the future interest rate expectations of the Federal Reserve. Strong, the economic recession that the market feared in the early stage may only be a shallow recession, which to a certain extent increases the fundamentals of the relatively strong U.S. dollar index in the short term. In the short term, it is in the stage of valuation pressure, but in the long run, the interest rate curve is easy to fall but hard to rise, and the relative strength of the US economy is also weakening. Therefore, for precious metals, there is still allocation value.