US inflation lowers gold prices

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US economy going global commodity also has an impact on prices. The US data, which directly affects the demand, directs the markets.

With the US inflation announced yesterday, it was above expectations. Fedincreased the likelihood of a more aggressive rate hike move from .

interest rate hike indirectly gold also affect prices. There was a decline in gold prices due to the money shifting to dollar deposits.

ounce of gold He began pricing in the possibility of the Fed’s rate hike by 100 basis points. An ounce of gold fell to the level of $ 1697 today. The highest level during the day was $ 1705. Currently, an ounce of gold is trying to find balance at the level of 1703 dollars.

BIGGEST FALL OF 2 MONTHS

Ounce gold prices showed the biggest decrease of 2 months yesterday. An ounce of gold, which went up to $ 1731 yesterday, fell to $ 1697. There was a 2% loss in value during the day.

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Experts point out that the first level of support is $ 1688, with the price of gold an ounce falling below $ 1700. They state that with the downside break of this level, a decline to $ 1657 is possible.

In the upward movements, experts highlight the $ 1711 and $ 1714 range as the first resistance.

GRAM GOLD IS AT THE LIMIT OF 1000 LIRA

grams of gold prices also decreased with the loss under ounce. Gram gold saw the lowest level of 996.2 liras and the highest 1000 liras during the day. It is currently trading at the 1000 lira level.

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