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, Gold price and oil price: Gold price: upward pressure loses momentum | message, Forex-News, Forex-News
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Gold price and oil price: Gold price: upward pressure loses momentum | message

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, Gold price and oil price: Gold price: upward pressure loses momentum | message, Forex-News, Forex-News

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, Gold price and oil price: Gold price: upward pressure loses momentum | message, Forex-News, Forex-News

by Jrg Bernhard

Then the market players learn how inflation developed in the USA in April. After a value of 2.6 percent p.a. had been reported the month before, according to a survey among analysts published by Trading Economics, the rate of price increases to 3.6 percent. This would mean that the target of two percent communicated by the Fed for years would be clearly exceeded. In Germany, too, there is a threat of a “two” before the decimal point in April. We will find out more on Wednesday morning. Rising inflation rates increase the risk of one Rate hike. From the Fed President of the Chicago Fed Charles Evans, however, was heard yesterday that the US Federal Reserve would only then its Monetary policy adjust if inflation, wages and job growth should rise over several months.

On Tuesday morning, the gold price was stable. By around 7.30 a.m. (CEST), the most actively traded future on gold (June) rose by 1.30 to 1,836.30 dollars per troy ounce.

, Gold price and oil price: Gold price: upward pressure loses momentum | message, Forex-News, Forex-News

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Rohl: A positive start to the week

Because the colonial pipeline in the USA, which was shut down by a hacker attack, may not be able to resume operations until the end of the week, there is a threat of falling oil demand. Some refineries have already reduced their production significantly. The weekly report of the American Petroleum Institute should provide additional tension after the US market closes. As a reminder: a week ago the drop in inventories of 7.7 million barrels was many times higher than expected.

On Tuesday morning, the oil price presented itself with falling prices. By around 7.30 a.m. (CEST), the next WTI future fell by $ 0.59 to $ 64.33, while its counterpart on Brent fell by $ 0.64 to $ 67.68.

Finanzen.net editorial team

More news about the gold price

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