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, Gold price and oil price: Gold price: Important US economic indicators on the rise | message, Forex-News, Forex-News
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Gold price and oil price: Gold price: Important US economic indicators on the rise | message

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, Gold price and oil price: Gold price: Important US economic indicators on the rise | message, Forex-News, Forex-News


, Gold price and oil price: Gold price: Important US economic indicators on the rise | message, Forex-News, Forex-News

by Jrg Bernhard

In addition to US retail sales, current figures on industrial production and producer prices for May are also due to be announced. According to a survey of analysts published by Trading Economics, these are said to have increased by 6.3 percent p.a. As a reminder: In the past week, consumer prices climbed by 5.0 percent p.a., marking their highest value since August 2008. In the short term, this has hardly helped gold’s inflation protection so far, because the Fed is moving away from its ultra-loose position on the financial markets Monetary policy is feared. In the long term, however, the yellow precious metal should continue to be the “inflation protection par excellence”. For decades the dollar has lost a lot of its purchasing power. Instead, gold has increased roughly sixfold within 20 years – despite various correction phases.

On Tuesday morning, the gold price presented itself with quotes held. Until around 7.40 a.m. (CEST), the most actively traded future on gold (August) rose by $ 2.10 to $ 1,868.00 per troy ounce.

, Gold price and oil price: Gold price: Important US economic indicators on the rise | message, Forex-News, Forex-News

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Rohl: respite after two-year high

Yesterday, Monday, the North Sea brand Brent climbed to its highest level in two years. Because Great Britain has stopped further easing measures because of the rising number of new corona infections and speculation on an early agreement in the nuclear dispute with Iran could lead to a return of Iranian ls to the world markets, the upward trend stalled. The weekly report of the American Petroleum Institute, which is scheduled for publication at 10.30 p.m. and could have a major influence on the trend for tomorrow’s trading day, should now attract increased attention.

On Tuesday morning, the price of oil presented itself with higher quotations. By around 7.40 a.m. (CEST), the next WTI future had risen by 0.25 to 71.13 dollars, while its Brent counterpart rose by 0.28 to 73.14 dollars.

Finanzen.net editorial team

More news about the gold price

Image sources: claffra / Shutterstock.com, Eric Chiang / 123rf



, Gold price and oil price: Gold price: Important US economic indicators on the rise | message, Forex-News, Forex-News

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, Gold price and oil price: Gold price: Important US economic indicators on the rise | message, Forex-News, Forex-News

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