There is going to be selling in Gold.
Gold edged lower to $4,100 an ounce on Friday, ending the week down about 1.5%, as rising crude oil prices and escalating US-Iran tensions raised concerns that the Federal Reserve may maintain tight monetary policy for longer. Oil surged 5% this week after renewed strikes between US and Iranian forces, heightening inflation fears and prompting markets to price in a near 60% chance of a September Fed rate hike. Investors will closely watch US inflation data due next week and Fed Chair Kevin Warsh’s testimony for further policy cues. Minutes from the Fed’s June meeting revealed growing inflation concerns, with some policymakers having favored a rate hike before rates were left unchanged. Meanwhile, gold faced a wide discount in India this week due to price volatility, while demand in China remained steady. China’s central bank reported its largest monthly increase in gold reserves in over 2-1/2 years in June
Gold edged lower to $4,100 an ounce on Friday, ending the week down about 1.5%, as rising crude oil prices and escalating US-Iran tensions raised concerns that the Federal Reserve may maintain tight monetary policy for longer. Oil surged 5% this week after renewed strikes between US and Iranian forces, heightening inflation fears and prompting markets to price in a near 60% chance of a September Fed rate hike. Investors will closely watch US inflation data due next week and Fed Chair Kevin Warsh’s testimony for further policy cues. Minutes from the Fed’s June meeting revealed growing inflation concerns, with some policymakers having favored a rate hike before rates were left unchanged. Meanwhile, gold faced a wide discount in India this week due to price volatility, while demand in China remained steady. China’s central bank reported its largest monthly increase in gold reserves in over 2-1/2 years in June
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.