"While further gradual declines in the core rate seem likely, we don't think that will stop the ECB from raising interest rates in June and probably July," the analysts said. "We will keep moving forward – determined and undeterred – until we see inflation returning to our 2% medium-term target in a timely manner," she said.Īnalysts at Capital Economics said that they see the ECB raising interest rates two more times this year. The Globex trades 24 hours a day, from Sunday evening 6:00 pm EST to Friday evening at 5:15 pm EST, with a 45-minute reset interval Mondays thru Thursdays from 5:15 pm EST to 6:00 pm EST. Lagarde added that in the current environment, she couldn't say how high interest rates will go. The prices above are pulled from the Globex, an Internet platform that is one of the world’s major precious metals exchanges. fiscal imbalances and supports gold's push to $3,000 - CrossBorder Capital Unlike traders of buy-today-sell-tomorrow commodities, investors in Gold and Silver have been known to pass down their collections to future generations. And whether they remain so will depend mainly on the balance between two forces: energy prices and wages." Thrill-seekers may be disappointed to find that Gold prices and Silver prices don’t fluctuate wildly at the whim of global stock markets, as many factors are involved in Precious Metals pricing. ![]() To date, all measures monitored by the ECB are still strong. Resources Precious Metals Charts Gold, Silver, Platinum and Palladium Live Spot Prices Current Gold and Silver Prices SHOP: 1 oz Silver Eagles Junk Silver Low-Cost Silver Oz 1 oz Gold Eagles 10 U.S. "There is no clear evidence that underlying inflation has peaked. "Today, inflation is too high and it is set to remain so for too long," she said at a conference in Hanover Germany. While inflation pressures look to fall further, the European Central Bank is expected to continue raising interest rates through the summer.įollowing the inflation data, ECB President Christine Lagarde said that the central bank still has work to do to bring inflation back to the 2% target. dollar is holding on to solid gains, last trading at $1,973.46 an ounce, up 0.55% on the day.Īccording to some analysts, gold could still struggle against the euro as real interest rates in the region are expected to head lower. However, gold against the euro is underperforming the broader market. According to consensus estimates, economists were looking for inflation to rise 5.5%.Įurope's latest inflation data did not have much impact on spot gold as prices continue to hold support above €1,839.55 an ounce, up 0.18. Headline inflation was cooler than expected, as economists were looking for an increase of 6.3%.Ĭore inflation for the year, which strips out volatile food and energy prices, also dropped more than expected, rising 5.3%, down from April's reading of 5.6%. Thursday, Eurostats said preliminary consumer inflation in the last 12 months rose 6.1% in May, down from 7.0% in April. ( Kitco News) - The gold market remains on firm footing against the euro even as European consumer inflation continues to cool and interest rates are expected to increase. Receive a comprehensive recap of the day's top stories directly to your inbox. ![]() Get all the essential market news and expert opinions in one place with our daily newsletter.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |