empty
 
 
Ön épp elhagyja a weblapot
www.instaforex.eu >
a weblap üzemeltetője a(z)
INSTANT TRADING EU LTD
Számlanyitás

12.01.202323:50 Forex-elemzések és áttekintések: Gold prices rise, maintains uptrend

Ezeket az információkat marketingkommunikációnk részeként küldjük el lakossági és professzionális ügyfeleink számára. Nem tartalmaznak és nem tekintendők befektetési tanácsnak vagy javaslatnak, sem bármilyen pénzügyi instrumentummal való tranzakcióra vagy kereskedési stratégia használatára irányuló ajánlatnak vagy felkérésnek. A korábbi teljesítmény nem garantálja vagy jósolja meg a jövőbenit. Az Instant Trading EU Ltd. nem képviseli vagy garantálja a szolgáltatott információk pontosságát vagy teljességét, illetve nem felelős bármely, az elemzéseken, előrejelzéseken vagy a Vállalat munkatársa által adott információkon alapuló befektetések esetleges veszteségéért. A teljes felelősségkizárás itt található.

Gold prices climbed to a new eight-month high ahead of the release of the US consumer price data.

Gold prices rise, maintains uptrend

The values of the gold's chart was helped by a weaker dollar. Obviously not all investors share the bulls' optimism about the inflation component in the United States. The report is expected to provide more clues to the Federal Reserve's rate-hike path.

Spot gold was up 0.6% at $1,886.62 per ounce by 1249 GMT, after hitting its highest since May 6 earlier in the session. US gold futures rose by the same amount to $1890.10.

Despite the stock markets' optimism, we see gold gaining ground due to investor caution ahead of the key US inflation report.

The US dollar has fallen near seven-month lows against its peers, making gold more attractive for other currency holders. The precious metal continues to trade around the $1,880 resistance level and may remain buoyed by a shaky dollar. Nevertheless, prices remain bullish and could push higher if inflation continues to cool in the largest economy in the world.

Data on the US consumer price index will be published at 13:30 GMT. Experts agree that consumer prices rose 6.5% year-on-year in December, moderating from a 7.1% rise in November.

The head of the Boston Fed believes that a quarter percentage point interest rate hike at the central bank's upcoming policy meeting looks like the most plausible scenario.

Money market participants see a 75% chance the Fed will raise the benchmark rate by 25 basis points in February.

In fact, if lower-than-expected CPI results are announced, we could see the gold price above $1900 in as little as a month. However, any upward move is likely to be very short-term as investors will lock in profits.

Silver also rose, adding 1.3% to $23.73 per ounce, platinum was unchanged at $1,071.16 and palladium added 0.3% to $1,779.09.

Egor Danilov
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




Most elhagyja a www.instaforex.eu weblapot, amelyet az Instant Trading EU LTD üzemeltet
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off