EconomyGold is trading lower after its best session in...

Gold is trading lower after its best session in a month, awaiting inflation data


- Advertisement -

Lima, January 12, 2022Updated on 01/12/2022 07:49 am

Gold prices fell on Wednesday, before inflation data from the United States was released that could provide further guidance on the Federal Reserve’s monetary policy, after comments from the president of the body propelled the metal on the eve .

At 10:55 GMT, spot gold fell 0.27% to $ 1,816.8 an ounce, after posting its biggest daily percentage increase since mid-December the day before. Gold futures in the United States were stable at $ 1,817.70.

- Advertisement -

The dollar recovered slightly, a factor that weighed on gold, but “We will have more direction after the US consumer price index data is released”, and if they meet expectations, gold will remain stuck in recent ranges, said Ricardo Evangelista, senior analyst at ActivTrades.

What’s more, “With fears of the impact of the omicron variant fade, gold could lose some appeal as a safe haven asset”Evangelista added.

- Advertisement -

In another aspect that put pressure on gold, European stocks rose, in line with positive signals from Wall Street futures, after Fed Chairman Jerome Powell sounded less inclined to adopt an aggressive cycle of rate hikes. interest rate and dispel the market’s fear of a sharp withdrawal of monetary support.

In other precious metals, silver was down 0.3% to US $ 22.70 an ounce; platinum was stable at US $ 970.55; and palladium was up 0.2% at $ 1,924.57.


- Advertisement -


Please enter your comment!
Please enter your name here

Latest news

Argentina presents last-minute casualties for the match against Chile in Calama

Lima, January 26, 2022Updated on 01/26/2022 03:23 pmThe Argentine national team presents last minute cancellations for his visit...

Omicron | How to prevent the spread of COVID-19 within the home?

Lima, January 26, 2022Updated on 01/26/2022 02:40 pmAs cases continue to rise across the country and new variants emerge,...

‘Chapu’ Ramúa after Cusco FC’s relegation due to TAS ruling: “No one thinks of all the damage, no one thinks of the footballer”

The smile faded from his face. After spending the end of the year holidays away from his family...

The Cuban prosecutor’s office confirmed that there are more than 700 prosecuted for the July protests

The prosecution of Cuba numbered more than 700 those accused of participating in the protests last July, who are...

The US urges Russia in a letter to decide if it prefers diplomacy or confrontation

Secretary of State for U.S, Antony Blinken, remarked this Wednesday that now it corresponds to Russia decide whether...

Must read

You might also likeRELATED
Recommended to you