Confidence recovers, gold rises again
This morning, the world gold price increased sharply, the USD continued to fall to the lowest level in more than a year in the last session, after the US CPI data was released, the Fed's job support may only increase. interest rates again this year.
The world gold price increased strongly with spot gold increasing by 24.3 USD to 1,956.5 USD/ounce. August gold futures last traded at $1,962 per ounce, up $24.8 from dawn the day before. Gold hit the highest point in the world within 3 weeks as the newly released report showed growing growth that was lower than economists' forecasts. Accordingly, U.S. fundamentals were tested, with U.S. consumer prices rising only slightly at 0.2% in June and recording the smallest annual increase in more than two years due to continued U.S. inflation. continue to cool down. In December to June, CPI increased by 3.0%, lower than the estimate of 3.1% of economies.
The dollar continued to fall to the lowest level in more than a year in the last session, after the release of US Consumer Price Index data, support for the US Federal Reserve may only increase. interest rates again this year. The US Dollar Index (DXY) measuring the greenback's volatility with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) plummeted 1.18% to 100.56.
The world gold price increased strongly with spot gold increasing by 24.3 USD to 1,956.5 USD/ounce. August gold futures last traded at $1,962 per ounce, up $24.8 from dawn the day before. Gold hit the highest point in the world within 3 weeks as the newly released report showed growing growth that was lower than economists' forecasts. Accordingly, U.S. fundamentals were tested, with U.S. consumer prices rising only slightly at 0.2% in June and recording the smallest annual increase in more than two years due to continued U.S. inflation. continue to cool down. In December to June, CPI increased by 3.0%, lower than the estimate of 3.1% of economies.
The dollar continued to fall to the lowest level in more than a year in the last session, after the release of US Consumer Price Index data, support for the US Federal Reserve may only increase. interest rates again this year. The US Dollar Index (DXY) measuring the greenback's volatility with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) plummeted 1.18% to 100.56.
✅ TP1: 1960
✅ TP2: 1967
✅ TP3: 1972
🛑 SL: 1942