binance left Coinmarketcap net_left adver left
Detail

Gold up 4th Day in Row as No Surprise in U.S. December Inflation

By Barani Krishnan AiVIF.com - Gold longs win again, even when U.S. inflation isn’t exactly scaring the Biden administration. Gold futures’ most active contract on New York’s...
Gold up 4th Day in Row as No Surprise in U.S. December Inflation © Reuters.

By Barani Krishnan

AiVIF.com - Gold longs win again, even when U.S. inflation isn’t exactly scaring the Biden administration.

Gold futures’ most active contract on New York’s Comex, February, settled up $8.80, or 0.5%, at $1,827.30 an ounce on Wednesday. It was the fourth day in a row that Comex gold has risen, with a net gain of 2.1% in that stretch.

The latest run-up came after the U.S. Consumer Price Index reading for December came squarely within expectations, rising 7% on the year to keep with the highest pace of inflation in 40 years seen since October. Only the monthly rate was a tad higher than forecast, expanding by 0.5% versus expectations for 0.4%.

“Today’s report — which shows a meaningful reduction in headline inflation over last month, with gas prices and food prices falling — demonstrates that we are making progress in slowing the rate of price increases,” the White House said, commenting on the CPI reading, It did add that the current rate of inflation “underscores that we still have more work to do, with price increases still too high and squeezing family budgets”.

With the December CPI not providing any sticker shock to markets, the benchmark 10-year U.S. Treasury note and the dollar both retreated, allowing gold to climb.

“Gold has been comfortably above the $1800 level after the 10-year Treasury yield rally stalled at the 1.80% level,” said Ed Moya, analyst at online trading platform OANDA. “If dollar weakness accelerates here, gold could make a run towards the $1,840 level.”

“Gold seems like it is in a good place as Treasury yields won’t be rallying much higher until financial markets have balance sheet runoff certainty and that won’t happen until at least a couple more Fed meetings.”

The Federal Reserve is closely watching the CPI Index to determine the timing for the first pandemic-era interest rate hike.

The Fed dropped interest rates to virtually zero after the outbreak of the coronavirus pandemic in March 2020, keeping them at between zero and 0.25% over the past 20 months. The central bank has signaled that it will raise rates as many as three times this year, with the first hike likely coming between March and June.

The U.S. economy itself shrank by 3.5% in 2020 due to shutdowns and other disruptions caused by the Covid-19 crisis. The Fed has projected a 5.5% growth for 2021 and 4% for 2022. The central bank’s problem though is inflation, running at four-decade highs as prices of almost everything have soared from the lows of the pandemic due to higher wage demands and supply chain disruptions.

Gold is touted as an inflation hedge and it is reinforcing that label by holding to the $1,800 level since the start of 2022. The yellow metal failed in its hedge mission several times last year as the dollar and U.S. Treasury yields rallied instead on expectations of U.S. rate hikes.

News of rate hikes are almost always bad for gold, which somewhat reflected this last year as it closed 2021 down 3.6% for its first annual dip in three years and the sharpest slump since 2015.

But analysts think that if the U.S. inflation theme remains strong through 2022, then gold could even retrace 2020’s record highs above $2,100 — a peak which, incidentally, came on the back of worries about price pressures as the United States began spending trillions of dollars on pandemic relief.

ig right nyse right Neteller adver right
APPROVED BROKERS
rakuten_main right top net_home_top ig_main right top Binance _ main right top fbs_main right top tifia_main right top
16-01-2022 23:42:39 (UTC+7)

EUR/USD

1.1420

+0.0006 (+0.05%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

EUR/USD

1.1420

+0.0006 (+0.05%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

GBP/USD

1.3680

+0.0007 (+0.05%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (4)

USD/JPY

114.43

+0.22 (+0.20%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (2)

AUD/USD

0.7210

+0.0003 (+0.05%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (9)

USD/CAD

1.2537

-0.0015 (-0.12%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (2)

Sell (2)

EUR/JPY

130.68

+0.32 (+0.25%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

EUR/CHF

1.0440

+0.0011 (+0.11%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

Gold Futures

1,819.65

+3.15 (+0.17%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Silver Futures

23.043

+0.125 (+0.55%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (0)

Copper Futures

4.4230

-0.0050 (-0.11%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (5)

Crude Oil WTI Futures

83.45

+0.15 (+0.18%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Brent Oil Futures

86.10

+0.04 (+0.05%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Natural Gas Futures

4.322

+0.099 (+2.34%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

US Coffee C Futures

239.65

+2.65 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (3)

Euro Stoxx 50

4,272.19

-43.71 (-1.01%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

S&P 500

4,662.85

+3.82 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (2)

DAX

15,883.24

-148.35 (-0.93%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

FTSE 100

7,542.95

-20.90 (-0.28%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (3)

Hang Seng

24,209.43

-173.89 (-0.71%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

US Small Cap 2000

2,161.48

+2.05 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

IBEX 35

8,806.60

-10.30 (-0.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

BASF SE NA O.N.

68.110

+0.360 (+0.53%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (4)

Bayer AG NA

52.59

+1.53 (+3.00%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (9)

Allianz SE VNA O.N.

227.00

-0.40 (-0.18%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Adidas AG

252.35

-3.85 (-1.50%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (1)

Deutsche Lufthansa AG

7.241

-0.043 (-0.59%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Siemens AG Class N

145.86

-5.64 (-3.72%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

Deutsche Bank AG

11.954

-0.246 (-2.02%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

 EUR/USD1.1420↑ Buy
 GBP/USD1.3680Sell
 USD/JPY114.43↑ Buy
 AUD/USD0.7210↑ Sell
 USD/CAD1.2537Neutral
 EUR/JPY130.68↑ Buy
 EUR/CHF1.0440Sell
 Gold1,819.65↑ Buy
 Silver23.043↑ Buy
 Copper4.4230Sell
 Crude Oil WTI83.45↑ Sell
 Brent Oil86.10↑ Sell
 Natural Gas4.322↑ Sell
 US Coffee C239.65↑ Buy
 Euro Stoxx 504,272.19Buy
 S&P 5004,662.85↑ Buy
 DAX15,883.24↑ Buy
 FTSE 1007,542.95Sell
 Hang Seng24,209.43↑ Sell
 Small Cap 20002,161.48↑ Buy
 IBEX 358,806.60↑ Buy
 BASF68.110Sell
 Bayer52.59↑ Sell
 Allianz227.00↑ Sell
 Adidas252.35Buy
 Lufthansa7.241↑ Buy
 Siemens AG145.86Neutral
 Deutsche Bank AG11.954Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,115/ 6,155
(-5/ -5) # 1,146
SJC HCM6,110/ 6,170
(10/ 0) # 1,160
SJC Hanoi6,110/ 6,172
(10/ 0) # 1,162
SJC Danang6,110/ 6,172
(10/ 0) # 1,162
SJC Nhatrang6,110/ 6,172
(10/ 0) # 1,162
SJC Cantho6,110/ 6,172
(10/ 0) # 1,162
Cập nhật 16-01-2022 23:42:43
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,820.02+2.310.13%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2400024480
RON 95-II,III2390024370
E5 RON 92-II2291023360
DO 0.05S1838018740
DO 0,001S-V1873019100
Dầu hỏa1719017530
ↂ Giá dầu thô thế giới
WTI$84.10-1.91-2.27%
Brent$86.10-1.36-1.58%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.540,0022.850,00
EUR25.234,8826.649,42
GBP30.246,4531.537,99
JPY192,66203,94
KRW16,5020,10
Cập nhật lúc 11:36:45 17/01/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right adver main right