Gold price (XAU/USD) has taken its recovery to near the psychological resistance of $2,000.00 in the Asian session. The precious metal has regained traction as investors have ignored hawkish Federal Reserve (Fed) bets fueled after the release of United States Employment data last week.
The street seems convinced about one more 25 basis points (bps) rate hike from the Fed as the US inflation is expected to remain stubborn amid upbeat demand for labor. More than 70% of investors are anticipating a rate hike of 25 bps, which will push rates to 5.00-5.25%, according to the CME Fedwatch tool.
Meanwhile, S&P500 futures have added some gains in Asia, portraying improved risk appetite of the market participants. US equities recovered dramatically on Monday after a gap-down opening due to higher volatility inspired by the extended weekend.
The US Dollar Index (DXY) is working on defending its immediate support of 102.30 after a sheer contraction. Also, 10-year US Treasury yields have dropped below 3.41%.
For further guidance, US Inflation data will be keenly watched. As per the consensus, the headline inflation will soften to 5.2% from the former release of 6.0%. Also, monthly headline CPI would decelerate to 0.3% from 0.4% reported earlier. While annual core inflation that excludes oil and food prices could surprisingly jump to 5.6% from the former release of 5.5%. Headline inflation is expected to soften due to weaker oil prices recorded in March.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。