collected by :kiven Dixter
(Kitco News) - Gold prices still to trade near a 5-week low as inflation pressures height in line by expectations, according to the latest information from the unite states Commerce Department. Gold prices are ignoring the inflation information & according to analysts, reacting to a stronger unite states $ & easing geopolitical tensions, reduced the yellow metal's safe-haven appeal. Along by inflation data, the report too told which personal spending rose 0.4% in March, up from a 0.2% height in February. However, consumers still to spend further than they make as revenue just rose 0.3% final month, drop from February's 0.4% rise. Economists were expecting to see another 0.4% rise.
(Kitco News) - Gold prices still to trade near a 5-week low as inflation pressures height in line by expectations, according to the latest information from the unite states Commerce Department. Gold prices are ignoring the inflation information & according to analysts, reacting to a stronger unite states $ & easing geopolitical tensions, reduced the yellow metal's safe-haven appeal. Along by inflation data, the report too told which personal spending rose 0.4% in March, up from a 0.2% height in February. However, consumers still to spend further than they make as revenue just rose 0.3% final month, drop from February's 0.4% rise. Economists were expecting to see another 0.4% rise.
Gold Prices Fall by Oil in spite of Iran Threat, Silver 'Near Inflection' as Comex Bears Turn around Bull
GOLD & SILVER PRICES fell in London trade Monday, dropping to 6- & 4-week lows respectively against a hight America $ as world stock markets edged higher however commodities dropped. Major Gov bond prices held firm, nudging longer-term America interest averages drop from final week's 4-year highs at 3.0%. Gold fell 0.9% to $1312.50 per ounce for America Businessmen When silver prices fell another 1.5% after losing 3.5% final 7 days to trade at $16.26. With silver prices spiking & then losing 3-month highs in America $ terms, Comex bears repealed nearly 1 in every 4 of their short silver contracts in the week-ending final Tuesday, the fastest cut to the gross short position ever fresh Year. That group's bullish betting on silver Meanwhile grew with 15%, pulling the internet position into leverage district for the 1st time in eleven weeks.Gold Prices Bounce After Disappointing Suspended house discounds Data
as mentioned in Monday, the association told which its Suspended house discounds index rose just 0.4% in March to a reading of 107.6, compared to February's downwardly revised standard of 107.2. While the every month information was relatively unchanged, Suspended house discounds are drop sharply from the Former year. While continue negative on the day, the gold market has bounced off its session lows in premier reaction to the data. According to Lawrence Yun, NAR chief economist, the housing discounds are dropping because a lack of supply Information Systems driving house prices higher. Economists closely watch the Suspended house discounds numbers because the index Information Systems seen as a barometer for the housing market.Gold Prices Have a fresh Bullish Catalyst
That drove gold prices toward their reduce resistance levels. But the 2nd gold value catalyst was a significant event which all Businessmen ought take note of…It was the unite states 10-year Treasury hitting the 3% yield level, something it has not done ever 2014. Rising inflation supports a higher gold price. That's causes of I'm not surprised which both the value of gold & bond yields could still to height simultaneously. But When gold prices were flat final week, I noticed a pattern which could signal a gold value breakout soon…My Gold value forecast as the $ & Bond Yields Rise
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