COMEX gold price drops 50 cents after market still concerned about US inflation Keep an eye on the Fed meeting today.
News reports from abroad Revealed that yesterday (12 Dec. 2023) the COMEX (Commodity Exchange) gold contract will be delivered in February. fell 50 cents, or 0.03%, to close at $1,993.20/ounce.
Investors view US inflation figures as still at a high level After the US Department of Labor revealed that the headline consumer price index (Headline CPI), which includes food and energy categories, increased 3.1% in November year-on-year. In line with analysts’ expectations from 3.2% in October.
Meanwhile, investors keep an eye on the US Federal Reserve’s (Fed) monetary policy meeting today, US time. Also keep an eye on the Fed’s policy interest rate forecast (dot plot) and statements from Fed Chairman Jerome Powell to look for signs indicating the Fed’s interest rate direction in 2024.
2023-12-13 01:42:00
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