Gold rises after US inflation data

0
7


Gold prices rose after data showed that consumer prices rose more than expected last month, but it eased concerns about the Federal Reserve reducing its monetary support.

And gold rose in immediate transactions 0.3 percent to $ 1893.75 an ounce (an ounce) by 1743 GMT, after hitting its lowest level since the fourth of June at $ 1869.46 earlier in the session.

And US gold futures contracts were settled at $ 1896.40 an ounce.

Data showed a further rise in US consumer prices in May, as the continuing economic recovery from the pandemic increased domestic demand. Weekly jobless claims also fell to their lowest level in nearly 15 months.

“The most important takeaway (from the inflation data) is that this market strongly believes that the US Federal Reserve will not change its position any time soon,” said Edward Moya, chief market analyst at OANDA.

As for other precious metals, palladium fell 0.6 percent to $2,762.56, while platinum fell 0.4 percent to $1,145.23.

Silver advanced 0.5 percent to $27.88 an ounce.

");
//},3000);
}
});
//$(window).bind('scroll');
$(window).scroll(function () {
if (alreadyLoaded_facebookConnect == false) {
alreadyLoaded_facebookConnect = true;
// $(window).unbind('scroll');
// console.log(" scroll loaded");

(function (d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.async = true;
js._https = true;
js.src = "https://connect.facebook.net/en_US/all.js#xfbml=1&appId=148379388602322";
fjs.parentNode.insertBefore(js, fjs);
}(document, 'script', 'facebook-jssdk'));
// pre_loader();
// $(window).unbind('mousemove');
//setTimeout(function(){
// $('#boxTwitter').html("");
//},3000);

var scriptTag = document.createElement("script");
scriptTag.type = "text/javascript"
scriptTag.src = "https://news.google.com/scripts/social.js";
scriptTag.async = true;
document.getElementsByTagName("head")[0].appendChild(scriptTag);

(function () {
$.getScript("https://news.google.com/scripts/social.js", function () { });
});

}
});

//$(window).load(function () {
// setTimeout(function(){
// // add the returned content to a newly created script tag
// var se = document.createElement('script');
// se.type = "text/javascript";
// //se.async = true;
// se.text = "setTimeout(function(){ pre_loader(); },5000); ";
// document.getElementsByTagName('body')[0].appendChild(se);
// },5000);
//});





LEAVE A REPLY

Please enter your comment!
Please enter your name here