Gold Up Ahead of Jerome Powell’s Testimony

By Gina Lee
AiVIF.com – Gold was up on Tuesday morning in Asia against a slight retreat in the dollar. Investors digested comments by U.S. Federal Reserve chair Jerome Powell...
Gold Up Ahead of Jerome Powell’s Testimony © Reuters.

By Gina Lee

AiVIF.com – Gold was up on Tuesday morning in Asia against a slight retreat in the dollar. Investors digested comments by U.S. Federal Reserve chair Jerome Powell that the inflation will be transitory while await Powell’s speech later in the day.

Gold Futures were up 0.32% to $1,788.65 by 12:17 AM ET (4:17 AM GMT)

Although inflation had increased, it will move back toward Fed’s 2% target once supply imbalances resolve, said Powell in written remarks prepared for his Tuesday testimony before congress.

“Inflation has increased notably in recent months…as these transitory supply effects abate, inflation is expected to drop back toward our longer-run goal,” Powell said

Investors now await the hearing to get clues on the pace of U.S. economic recovery from COVID-19 and the outlook for monetary policy.

Gold picked up on Monday after the biggest weekly fall in its worst week in 15 months, as the Fed hinted earlier-than-expect interest rate hikes and tightening of its asset purchase program as it handed down its latest policy decision. The yellow metal rebounded a little as investors bet the tightening will be very gradual.

“Gold rose overnight as the U.S. dollar retreated and that (upbeat) sentiment continues in Asia this morning, as regional investors hurry to New York’s overnight lead,” Jeffrey Halley, senior market analyst at OANDA, told Reuters.

However, some investors stayed cautious.

“Despite the rebound, gold prices were being traded mostly within last Friday’s chart pattern, a pattern that is more reflective of a pause and indecision,” Avtar Sandu, a senior commodities manager at Phillip Futures, said in a note.

In other precious metals, silver and palladium fell 0.2%, while platinum climbed 0.7%.

27-07-2021 02:13:29 (UTC+7)

EUR/USD

1.1803

+0.0032 (+0.27%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (6)

Sell (2)

EUR/USD

1.1803

+0.0032 (+0.27%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (6)

Sell (2)

GBP/USD

1.3813

+0.0067 (+0.49%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

USD/JPY

110.37

-0.17 (-0.15%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (2)

AUD/USD

0.7380

+0.0015 (+0.21%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (3)

USD/CAD

1.2547

-0.0014 (-0.11%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (6)

Sell (2)

EUR/JPY

130.27

+0.14 (+0.10%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (4)

EUR/CHF

1.0808

-0.0010 (-0.09%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (6)

Gold Futures

1,797.25

-4.55 (-0.25%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (9)

Sell (0)

Silver Futures

25.253

+0.020 (+0.08%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (10)

Sell (0)

Copper Futures

4.5918

+0.1918 (+4.36%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (0)

Crude Oil WTI Futures

72.08

+0.01 (+0.01%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (8)

Brent Oil Futures

73.80

+0.36 (+0.49%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (7)

Natural Gas Futures

4.067

+0.025 (+0.62%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (8)

US Coffee C Futures

207.90

+18.90 (+10.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Euro Stoxx 50

4,102.59

-6.51 (-0.16%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

S&P 500

4,419.70

+7.90 (+0.18%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (1)

DAX

15,618.98

-50.31 (-0.32%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,025.43

-2.15 (-0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Hang Seng

26,220.00

-1064.87 (-3.90%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (7)

US Small Cap 2000

2,209.80

+0.39 (+0.02%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (5)

IBEX 35

8,775.20

+58.00 (+0.67%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (3)

Sell (4)

BASF SE NA O.N.

67.540

+0.510 (+0.76%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Bayer AG NA

51.40

+0.20 (+0.39%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Allianz SE VNA O.N.

210.90

+0.40 (+0.19%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Adidas AG

311.95

-5.75 (-1.81%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (6)

Deutsche Lufthansa AG

9.847

-0.002 (-0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Siemens AG Class N

134.56

-0.09 (-0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Deutsche Bank AG

10.660

+0.070 (+0.66%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

 EUR/USD1.1803↑ Sell
 GBP/USD1.3813↑ Sell
 USD/JPY110.37Neutral
 AUD/USD0.7380Buy
 USD/CAD1.2547Neutral
 EUR/JPY130.27Neutral
 EUR/CHF1.0808↑ Sell
 Gold1,797.25↑ Buy
 Silver25.253Buy
 Copper4.5918Neutral
 Crude Oil WTI72.08↑ Sell
 Brent Oil73.80↑ Sell
 Natural Gas4.067↑ Sell
 US Coffee C207.90↑ Buy
 Euro Stoxx 504,102.59↑ Buy
 S&P 5004,419.70Buy
 DAX15,618.98↑ Buy
 FTSE 1007,025.43↑ Buy
 Hang Seng26,220.00↑ Sell
 Small Cap 20002,209.80Sell
 IBEX 358,775.20Neutral
 BASF67.540↑ Buy
 Bayer51.40↑ Buy
 Allianz210.90↑ Buy
 Adidas311.95↑ Sell
 Lufthansa9.847↑ Sell
 Siemens AG134.56↑ Buy
 Deutsche Bank AG10.660↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,720
(0/ 0) # 687
SJC HCM5,680/ 5,745
(0/ 0) # 713
SJC Hanoi5,680/ 5,747
(0/ 0) # 715
SJC Danang5,680/ 5,747
(0/ 0) # 715
SJC Nhatrang5,680/ 5,747
(0/ 0) # 715
SJC Cantho5,680/ 5,747
(0/ 0) # 715
Cập nhật 27-07-2021 02:13:31
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,797.34-2.88-0.16%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2188022310
RON 95-II,III2178022210
E5 RON 92-II2061021020
DO 0.05S1653016860
DO 0,001S-V1688017210
Dầu hỏa1550015810
ↂ Giá dầu thô thế giới
WTI$71.89+0.220.31%
Brent$73.84-0.08-0.11%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.880,0023.110,00
EUR26.387,0727.760,11
GBP30.825,6632.113,27
JPY203,04213,69
KRW17,2621,01
Cập nhật lúc 18:50:27 26/07/2021
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