Inflation and geopolitical tensions do gold prices push a new rise?
stabilized Gold prices today, Tuesday, in front of The dollar American, with the markets awaiting a balance between positive indicators in commercial talks between The United States and China on the one hand, and escalating Geopolitical tensions On the other hand." target ="_Blank"> Gold , which remained coherent above the support level of $ 3,300 an ounce. In May, compared to 0.2% in April, while the annual rate rises to 2.5% from 2.3%. In turn, a major factor in the movements of the US dollar and gold prices.
Lootnick stated before the meeting that the talks are going well, expecting to continue throughout the day. "The meeting will be short with a decisive handshake"Adding that the United States may reduce export restrictions, with the opening of the supply of rare ground minerals in large quantities.
Trump enhances the positive atmosphere. "Good reports" From the meetings. May, bypassing expectations, reduced the pressure on the federal to reduce interest rates in the short term.
according to a tool "CME Fedwatch"The markets expect that the federal will keep interest rates unchanged during the June and July Social, with a weight of 54.7% for a possible reduction in September.
There are 3,350 dollars at the psychological level at the psychological level, and if it is penetrated, prices may open the field towards Friday’s summit at 3,375 dollars. April at 3,500 dollars. 3,300 dollars, then the Fibonacci correction level 23.6% at 3,291 dollars.
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