Gold Closes Higher, Awaits US CBI – Latest News – Estado e-Investor – Key Financial Markets News

(Content by Leticia Simionato, Estadão) – Oh Gold It closed higher on Monday as the dollar cooled. In a day of empty economic agenda, investors await the latest data inflammation Consumer Price Index (CPI) AmericaIt will be released tomorrow (13) and will be decisive for the path the Federal Reserve (Fed) will follow.

Read it too

At Comex, the metals division of the New York Mercantile Exchange (Nymex), the Gold Futures for December delivery rose 0.69% to US$1,740.6 a troy ounce.

“Gold had a better day as inflation expectations eased. It was a turning point in gold trading inflammation Continue slowly, The Metal “Continued stabilization,” analyzes Edward Moya from Onda.

District search feeder In New York, this Monday’s release pointed to another month of falling inflation expectations America. According to the survey, the median of forward expectations for prices a year from now fell to 5.7% in August from 6.2% in July. Over a three-year horizon, the decline was 3.2% to 2.8%.

“Whether metals start from here or go backwards depends almost entirely on its direction dollar American,” said Fawad Razakzada, market analyst at CitiIndex and FOREX.com. He added that the dollar “will face a big test on Tuesday with the release of US CPI data, which is sure to be a key focal point for the week.”

Our authors refer to these contents to help you invest better