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Back Fundamental analysis
A Pause Would Be a Better Outcome for Gold Than a Hike
Gold stabilized around $4,320 after an
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Gold stabilized around $4,320 after an attempt to rise late last week. Silver fell 0.5 percent to $64.19, while platinum and palladium were nearly unchanged.The pressure came from the August inflation report, which turned out hotter than expected. The core consumer price index excluding food and energy rose 0.3 percent month-on-month, and traders now price in almost a 90 percent chance of a Federal Reserve rate hike on Wednesday. This would be the first tightening in three years.The political dimension
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
Neutral
Urgency
1 day
Analytic
Maxim Magdalinin
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