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International gold prices fluctuated and closed on Monday. In terms of price, the international price of gold opened at 1765.92 US dollars an ounce, the intraday high hit 1775.07, the low fell to 1752.20 and finally closed at 1771.00 US dollars the ounce. In terms of economic data, the monthly rate of industrial production in the euro area recorded 0.9% in September, higher than market expectations of 0.3%. But lower than the previous value of 1.5%. In terms of macro events, US Treasury Secretary Yellen said the market shouldn’t rely too much on single-month indicators in response to falling US inflation data. There are still many sectors that could continue to inject inflation, especially the housing market. Federal Reserve Vice Chairman Brainard said rapid tightening of monetary policy will lead to spillover effects on the economy and that slowing economic growth may be a more appropriate course. The appropriate current approach should be to slow the pace of interest rate increases as soon as possible. Also, European Central Bank Vice President Dawkins said in a speech that the European Central Bank will raise interest rates again. Affected by related factors, US stocks closed lower across the board yesterday, the US dollar index stabilized and the international price of gold fluctuated and closed higher.
The US dollar index stabilized and the international gold price fluctuated and closed丨On the market
International gold prices fluctuated and closed on Monday. In terms of price, the international price of gold opened at 1765.92 US dollars an ounce, the intraday high hit 1775.07, the low fell to 1752.20 and finally closed at 1771.00 US dollars the ounce.
In terms of economic data, the monthly rate of industrial production in the euro area recorded 0.9% in September, higher than market expectations of 0.3%. But lower than the previous value of 1.5%. In terms of macro events, US Treasury Secretary Yellen said the market shouldn’t rely too much on single-month indicators in response to falling US inflation data. There are still many sectors that could continue to inject inflation, especially the housing market. Federal Reserve Vice Chairman Brainard said rapid tightening of monetary policy will lead to spillover effects on the economy and that slowing economic growth may be a more appropriate course. The appropriate current approach should be to slow the pace of interest rate increases as soon as possible. Also, European Central Bank Vice President Dawkins said in a speech that the European Central Bank will raise interest rates again. Affected by related factors, US stocks closed lower across the board yesterday, the US dollar index stabilized and the international price of gold fluctuated and closed higher.
