GOLD above $1,960 after subdued US core CPI
@Do_Trading：
$Gold - main 2206(GCmain)$ Gold rose above the $1,960 zone as Treasury yields eased after US inflation data largely met expectations. The question is whether this would reduce the likelihood of aggressive long-term policy tightening by the Federal Reserve...? In the short term, this would not change anything with the consensus that the Fed will raise rates by 50 basis points next month to control inflation. In the long term, gold should continue to find support as a safe haven against developments surrounding Ukraine with questions about the duration of this conflict.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Like
Report
Login to post
No comments yet