GOLD PRICE DIPS AMID RISING US YIELDS, STRONG USD ON HIGH INFLATION DATA

avatar
· Views 60




  • Gold sees partial retreat reacting to unexpectedly high US producer inflation and strengthening US Dollar.
  • US Treasury yields and Dollar Index rise, reflecting a market reassessment of Federal Reserve's monetary policy.
  • Retail Sales and Initial Jobless Claims data underscore US economic resilience, weighing on Gold's intraday prices.

Gold prices trimmed some of their Wednesday gains on Thursday after traders began to price in a less “dovish” Federal Reserve following a hotter-than-expected Producer Price Index (PPI) report. Consequently, US Treasury bond yields rose, underpinning the US Dollar. At the time of writing, XAU/USD exchanges hands at around $2,160.00 and gains 0.50%.

US equities finished the session with losses. Earlier, the US Department of Labor announced that a measure of inflation on the producer side jumped. At the same time, US Retail Sales showed that consumers remained resilient, while people filing for unemployment insurance decreased below the previous reading and estimates.

Uncertainty about the US central bank policy prospects prompted investors to trim their bets that the Fed would cut rates at the June meeting. In the meantime, the yellow metal treads water as the US 10-year Treasury bond yield surges ten basis points from 4.19% to 4.29%, while The US Dollar Index (DXY), a gauge of the buck’s performance versus other currencies, climbs 0.54% to 103.33.



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。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

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。

  • tradingContest