Gold Prices See tiny Movement As Inflation Rises To top standard In A Year

collected by :kiven Dixter

(Kitco News) - The gold market remembers on the back foot in spite of the launch of in-line inflation data, whiched showed a hight user value pressures. Thursday, The unite states section of Commerce told which Personal Consumption Expenditures (PCE) Index, 0.2% in February, in line with expectations. For the year, the information showed which inflation promoted with 1.8%. Core PCE, which strips out volatile food & energy prices too came in line with expectations, hight 0.2% final month. However, further people are holding on to their cash as spending promoted 0.2% final month, too in line with expectations.

Gold & Crude Oil Prices at danger if America PCE Drives $ Higher

Talking Points:Gold prices fall as 4Q America GDP revision drives $ higherEIA information compounds USD-linked Stress on crude oil pricesPCE report probably help know bearish technical positioningGold prices fell as the America $ pushed higher for a 2nd day, undercutting request for anti-fiat alternatives. The benchmark currency's ascent too weighed on crude oilprices, which suffered de-facto Stress ever prices are denominated in USD terms on universal markets. An upside surprise echoing this pattern probably stoke bets on an accelerated federal tightening path, offering the America $ another upward push at the expense of gold & crude oil alike. GOLD TECHNICAL ANALYSISGold prices fell after forming a Bearish Engulfing candlestick pattern, as expected. CRUDE OIL TECHNICAL ANALYSISThe formation of a bearish Evening Star candlestick pattern continues to warn which crude oil prices have produced a double top.

Semafo: A Bet On The Exploration possibility & Higher Gold Prices - SEMAFO company (OTCMKTS:SEMFF)

referring to There Information Systems a conservative near-term upside possibility around 20%, however, SEMAFO is, 1st of all, a bet on the exploration possibility and higher gold prices. The Mana mine contains Certain and probable reserves of 1.71 mn toz gold, at a gold grade of 2.92 g/t. The measured and indicated resources contain more 2.697 mn toz gold, at a gold grade of 1.93 g/t. And there are too inferred resources of 799,100 toz gold at a gold grade of 2.68 g/t. The project contains Certain and probable reserves of 1.48 mn toz gold, at a gold grade of 4.11 g/t.