Gold rebounded after the US PPI index was lower than expected
Gold rises to $2,355 as PPI data misses estimates, focus turns to University of Michigan consumer confidence index
In the April 11 session, gold prices benefited from US PPI data rising lower than estimated. The precious metal touched down to $2,325 early in the European session but then rebounded sharply after the data release and ended the day near $2,355.
Today, the market will receive the University of Michigan's consumer confidence report. Currently, gold is rising to $2,390.
New York Fed President John Williams said the Fed has made “tremendous progress” toward a better balance between its inflation and employment goals, adding that there is no need to cut interest rates. recently".
Gold rises to $2,355 as PPI data misses estimates, focus turns to University of Michigan consumer confidence index
In the April 11 session, gold prices benefited from US PPI data rising lower than estimated. The precious metal touched down to $2,325 early in the European session but then rebounded sharply after the data release and ended the day near $2,355.
Today, the market will receive the University of Michigan's consumer confidence report. Currently, gold is rising to $2,390.
New York Fed President John Williams said the Fed has made “tremendous progress” toward a better balance between its inflation and employment goals, adding that there is no need to cut interest rates. recently".
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