Gold bulls flirt with ascending channel/50% Fibo. confluence by HareshMenghani commodity bulls confluence
US consumer prices showed no signs of easing in March and accelerated to levels last seen in 1981. Moreover, the Producer Price Inflation indicated that there are pipeline costs that could put upward pressure on the already high inflation. This, in turn, was seen as a key factor that continued boosting the metal's appeal as a hedge against rising costs.
Moving ahead, the market focus now shifts to the European Central Bank, which is scheduled to announce its monetary policy decision on Thursday. Later during the early North American session, traders will take cues from the- featuring the releases of monthly Retail Sales figures, the usual Weekly Initial Jobless Claims and Prelim Michigan Consumer Sentiment Index. The combination of factors will influence the USD price dynamics and provide some impetus to gold prices.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Gold Price Forecast: XAU/USD to inch towards $2,000 on sustained move above $1,960 – ANZEconomists at ANZ Bank see gold continuing to be a good hedge against inflation. Prices are sitting in a neutral zone of $1,920-50/oz. A break above $
Leer más »
Gold Price Analysis: XAU/USD eyes test of $2000 level as US yields dip post-US CPISpot gold (XAU/USD) prices are set to end the day firmly on the front foot just to the south of the $1970 level, having jumped to fresh near one-month
Leer más »
Gold 'important' safe haven to consider: Market expertLane Generational managing partner and founder Fred Lane stressed the importance of investing in 'real assets' and explained why people are looking at gold as a safe haven.
Leer más »
'The Gold' Adds Hugh Bonneville, Dominic Cooper, Jack Lowden, and More to Drama SeriesHugh Bonneville, Dominic Cooper, and Jack Lowden have joined the cast of the new drama series 'The Gold.'
Leer más »
Gold Technical Analysis: Top of 2000 Dollars are StrongThe rise in US inflation levels coincided with the decline in US Treasury bond yields.
Leer más »
Samsung wins 71 iF Design Awards, including three Gold Awards for its product designsThe tech giant won design awards for its Galaxy Z Flip 3, One UI 4, and Galaxy Buds 2
Leer más »