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Shift in Fed's rate hike expectations take gold price towards $1,800
The new U.S. inflation data release has triggered a rollercoaster ride in gold, with the latest move taking the precious metal nearly $40 higher on the day. September's inflation numbers showed price pressures accelerating to 5.4% annually, slightly more than the market was expecting. "We are starting to see the market growing nervous about the U.S. consumer. After digesting this report, it shows that the market is now anticipating sooner rate hikes. At the same time, we see the yield curve flattening, and that is good news for gold," OANDA senior market analyst Edward Moya told Kitco News. "Gold is entering a ... (full story)
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From youtube.com|Oct 13, 2021The G20 Finance Track’s Co-Chairs present the main outcomes of the 4th G20 Finance Ministers and Central Bank Governors Meeting under the Italian Presidency.
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From bnnbloomberg.ca|Oct 13, 2021Chile is offering new contracts to tap the world’s biggest reserves of lithium in a effort to reclaim market share as demand for the battery metal surges. The government is making ...
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From dailyfx.com|Oct 13, 2021|2 commentsGold prices are popping higher today, making a run at the 1800 psychological level. This comes as price action had built into a bullish reversal formation coming into the month of ...
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From bnnbloomberg.ca|Oct 13, 2021The rally for two exchange-traded funds focused on uranium is surging back, delivering fresh gains to investors who’ve poured more than $1 billion into them this year in a bet on ...
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From @cablefxmacro|Oct 13, 2021tweet at 5:09pm:
CHILE CENTRAL BANK HIKES BENCHMARK INTEREST RATE TO 2.75% yo, 125bps hike
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- Posted: Oct 13, 2021 4:10pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 79
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