FXTM information and reviews
FXTM
93%
OctaFX information and reviews
OctaFX
91%
FXCC information and reviews
FXCC
90%
Libertex information and reviews
Libertex
89%
FxPro information and reviews
FxPro
88%
HotForex information and reviews
HotForex
87%

Gold surges a bit


15 January 2019

On Tuesday, gold managed to gain a bit due to the fact that the first dive in factory gate inflation for four months backed the argument that the major US bank should suspend monetary policy tightening and traders looked ahead to a bunch of remarks from policymakers.

Eventually, on the Comex exchange February delivery gold futures headed north by 0.19% trading at $1,293.70 a troy ounce.

In December, producer prices tumbled a more-than-anticipated 0.2%, while the core PPIalso suddenly slipped. The data underlined hopes that the key US financial institution can be patient on future rate lifts considering that inflation is still steady.

Higher interest rates tend to put pressure on demand for the yellow metal in favor of yield-bearing assets.

On Tuesday, markets will also get remarks from a number of Fed representatives as they need further clues on the tempo of future rate lifts through this year and beyond.

Minneapolis Fed President Neel Kashkari is expected to deliver a speech on the regional economy at 9:30AM ET before the Rochester Economic Summit.

After that, at 1:00PM ET Kansas City Fed President Esther George is going to talk about the economic outlook as well as monetary policy.

The final speaker will be Dallas Fed President Robert Kaplan who is going to take part in a question-and-answer session prior to the Plano Chamber of Commerce Annual Meeting.

After the major US bank had interest rates lifted four times last year, market participants currently expect the Fed to cease its monetary tightening policy in 2019 because risks to the American economy mount.

As for other metals, silver futures tacked on by 0.16% being worth $15.713 a troy ounce.

Palladium futures managed to ascend by 0.79% being worth $1,292.15 an ounce. As for platinum, this commodity gained 0.55% hitting $806.95.

Copper rallied by 0.72% showing $2.654 a pound.

Share:


Related

Stock Futures Recover Losses, Here Is Why
Stock Futures Recover Losses, Here Is Why

The US and European futures are trading higher today as most of the stock indices are sending an oversold signal, which has brought some bargain hunters into the market...

21 Jan 2022

Oil prices rocketing
Oil prices rocketing

An outage on a pipeline from Iraq to Turkey has supported the recent increase in oil prices. Turkey’s pipeline operator said it extinguished the flames following...

20 Jan 2022

Signs of slowing UK inflation
Signs of slowing UK inflation

Consumer inflation in Britain continues to accelerate, but producer prices show the first signs of cooling. CPI rose to 5.4 y/y in December, with a 0.5% monthly increase after...

20 Jan 2022

American and European futures are trading lower today
American and European futures are trading lower today

The tone set by the US banks on Friday has created pessimism among traders and this is influencing the price action in the US and Europe. Moving forward...

19 Jan 2022

Metaverse: The next chapter for investing or a temporary hype?
Metaverse: The next chapter for investing or a temporary hype?

2021 saw plenty of innovations come to the mainstream, but the metaverse indisputably hit the home run. Originally coined by Neal Stephenson in his 1992 sci-fi novel Snow Crash...

18 Jan 2022

Fed Hawkish Policy Leads to Slip of Asian Shares
Fed Hawkish Policy Leads to Slip of Asian Shares

On Friday, Asian stocks plummeted as a new round of hawkish statements from Federal Reserve officials bolstered predictions that interest rates in the United States...

17 Jan 2022


Editors' Picks

XM information and reviews
XM
86%
FXCM information and reviews
FXCM
85%
AvaTrade information and reviews
AvaTrade
84%
LegacyFX information and reviews
LegacyFX
83%
FP Markets information and reviews
FP Markets
82%
Pepperstone information and reviews
Pepperstone
82%

© 2006-2022 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.