.jpg)
- Gold ends with a three -day loss chain, restricted by increasing cabinet revenues and a low return call.
- VIX rises amid a tariff of 104 % on China and regenerate stagnation concerns; Arrows lose early gains.
- Daly’s Daly, a Golesbee warning tariff can increase inflation; Attention turns into FOMC minutes and upcoming CPI/PPI data.
The price of gold stabilizes three days of losses, and reinforces less than $ 3000 with a rise in US Treasury revenue, making non -fortified minerals less attractive to investors. Although there are hopes in commercial deals between partners, the “trade war” between the United States and China makes investors uncomfortable. At the time of this report, Xau/USD is traded at $ 2,980 an ounce, almost unchanged.
Feelings turned into negative as Wall Street recorded significant losses. On Monday was short with the resumption of the bear market, with the VIX index pushed again towards higher levels, indicating that the market participants are still not sure of the economy. Expectations.
The White House announced that the United States will retain 104 % over China Vix. Consequently, the S&P 500, Dow Jones and Nasdaq have wiped their previous gains and fell on Tuesday.
However, gold prices fell, as the American treasury rose through the entire return curve. The Al -Makyazat market was 40 % of the Federal Reserve Reduction in May. Nevertheless, the high US yield continues to pressure Xau/USD.
Meanwhile, Federal Reserve Nizio officials. Mary Daly said in San Francisco that CEOs are unstable but optimistic about growth. She is concerned about capturing inflation due to definitions. Earlier, Chicago, who nourishes Austan Golsby, said the definitions are much higher than expected, adding that there was concern about the return of high inflation.
Traders are looking to launch the last federal reserve meetings, which will be carried by the latest inflation numbers on the consumer and product aspects.
Daily Digest Market Movers: The price of gold is still firm, as it was jumped in real revenues in the United States
- The real revenue in the United States is six BS to 2.071 %, as shown in the securities protected in the treasury in the United States for 10 years, which is an opposite wind of gold prices.
- The US consumer price index (CPI) is expected to decrease from 2.8 % to 2.6 % on an annual basis in March. The basic consumer price index is expected to decrease during the next twelve months, from 3.1 % to 3 %.
- The recession fears increased according to Coldman Sachs, who said that the chances of stagnation increased from 35 % to 45 % in 12 months, while growth predictions of the descending review, as the bank expects GDP (gross domestic product) at 0.5 %, due to “severe tightening of financial conditions, foreign consumer boycott, and a constant bounce on policy.”
Technical expectations Xau/USD: Gold price hovers less than $ 3000 an ounce of TRY
gold The price stabilized near 2,980 dollars, although the price procedures indicate that traders do not find acceptance after $ 3000. Failure to achieve a daily closure above the last, can lead to a simple moving medium test for 50 days (SMA) at $ 2947. The breach can be led below this level Xau/USD About Mark $ 2900 before SMA for 100 days at $ 2,805.
Common Gold questions
Gold played a major role in human history, as it was widely used as a store for value and exchange. Currently, regardless of its brilliance and use of jewelry, the precious metal is widely seen as a safe asset, which means it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against currency decline because it does not depend on any specific source or government.
Central banks are the largest gold holders. In their goal to support their currencies at troubled times, central banks tend to diversify their reserves and buy gold to improve the powerful power and currency. High gold reserves can be a source of confidence to the dissolved country. Central banks added 1136 tons of gold worth $ 70 billion to their reserves in 2022, according to the data of the Golden Golden Council. This is the highest annual purchase since the start of the records. Central banks of emerging economies such as China, India and Turkey increase their gold reserves.
Gold has a counter -relationship with the US dollar and the United States Treasury, which is one of the main reserves and safe assets. When the dollar decreases, gold tends to rise, allowing investors and central banks to diversify their assets at turbulent times. Gold is inversely associated with the origins of the risk. The assembly in the stock market weakens the price of gold, while sales in the most dangerous markets tend to prefer precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of deep stagnation can escalate the price of gold due to its safe situation. As a lower asset than the return, gold tends to rise with low interest rates, while the high cost of money usually reaches the yellow metal. However, most moves depend on how the US dollar (USD) is behaved as the original is priced in dollars (Xau/USD). The strong dollar tends to maintain the price of gold -controlled gold, while the weakest dollar is likely to increase the price of gold.
