Home » today » Business » Ahead of Meeting Minutes, Hawks Predicted Major Prolonged and Short US Gold Positions Even now Unsure | Federal Reserve_Sina Finance_Sina Community

Ahead of Meeting Minutes, Hawks Predicted Major Prolonged and Short US Gold Positions Even now Unsure | Federal Reserve_Sina Finance_Sina Community






Now Tuesday (Aug.16), at 1:24 pm Beijing time, the key US gold opened these days at $ 1,795.5000 / ounce and yesterday shut at $ 1,795.1000 / ounce, though spot gold opened at $ 1,795.1000 / ounce. 1,779.65 / ounce yesterday and closed at $ 1,779.29 / ounce yesterday. ounce. The key rate of gold in the United States was 1795.9000 USD for each ounce, an raise of .04% the value of place gold was 1781.15 USD per ounce, an boost of .10%.


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  Nationwide industry of gold varieties:

Today, Shanghai Gold’s major opening selling price was 390.54 yuan / gram and yesterday’s closing rate was 392.00 yuan / gram. Gold TD opened at 388.43 yuan / d throughout the day and closed at 390.71 yuan / d yesterday.

  Right before the minutes of the meeting, the hawks ended up meant to exhibit their energy and gold dropped by $ 30, approaching 1770

Final week, US info showed that US client and producer charges cooled in July and import costs fell for the 1st time in seven months.

Primary inflation in the US economy appears to have passed its peak, prompting an aggressive Federal Reserve to simplicity expectationsgold costBrief-phrase rebound above 1800.

Even so, the very good occasions didn’t past long. On Monday, gold not only failed to stabilize, it ongoing to drop in the course of the day. Ahead of the minutes of the Federal Reserve conference, hawkish expectations once again peaked, plunging the cost of gold by $ 30.

Whilst the US CPI and core CPI development costs introduced previous week have both of those declined and the tempo of cost increases is slowing, indicating that US inflation may possibly have peaked, no Fed official has but explained. which will slow down an intense monetary coverage.

“Inspite of slipping inflation (in July), it really is also early for the Fed to release the brakes,” said Danske Bank’s chief currency strategist, keeping a bullish check out on the greenback. Yesterday, the US greenback index approached the 107 mark for two consecutive times last 7 days.

Analysts think the continued increase in rates over the previous calendar year has caught Fed officers off guard. Despite early signs of a feasible spike in inflation in July, client charges rose 8.5% on a foundation in July and main inflation was nicely higher than the 2% goal.

Final 7 days, Fed officers repeatedly reported that the battle versus inflation would be much more prolonged and they would not hesitate to tolerate a moderate economic downturn in the procedure. Investors consider that even a slight decrease could set off a level slice, but Fed officials have so much not produced this kind of a determination.

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Dependable editor: Zhang Jingdi

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