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  4. Gold Up, but “Jury is Still Out” on Fed Tapering
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Gold Up, but “Jury is Still Out” on Fed Tapering

By Gina Lee AiVIF.com – Gold was up on Monday morning in Asia as investors digested the U.S. Federal Reserve’s mixed signals on monetary policy tightening after the release of...
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Gold Up, but “Jury is Still Out” on Fed Tapering © Reuters.

By Gina Lee

AiVIF.com – Gold was up on Monday morning in Asia as investors digested the U.S. Federal Reserve’s mixed signals on monetary policy tightening after the release of tame inflation data.

Gold futures edged up 0.18% to $1781.05 by 12:45 AM ET (4:45 AM GMT), after hitting its lowest level since Jun. 21 earlier in the Asian session.

“The jury’s still out on the Fed’s timeline on tapering,” IG Market analyst Kyle Rodda told Reuters.

“On one hand, we’ve to think about normalizing policy, but on the other, a lot of Fed speakers are suggesting inflation will be transitory, so we don’t need the Fed to slam on the brakes. And that is kind of sending mixed signals,” Rodda added.

Investors also continued to digest inflation data released by the U.S. during the previous week. The core personal consumption expenditures index grew a smaller-than-expected 0.5% month-on-month in May while growing 3.4% year-on-year. Gold prices rose as much as 0.8% after the release of the data, the central bank’s preferred inflation measure.

Minneapolis Fed President Neel Kashkari added on the same day that the recent high inflation readings would be temporary.

With the trading in a range and until gold breaks above the $1,800 or below the $1,760 marks, it is looking like a sideways trend in the short term, said Rodda.

Investors also continue to keep an eye on negotiations for U.S. President Joe Biden’s bipartisan U.S. infrastructure deal, valued at $1.2 trillion over eight years.

In other precious metals, silver was steady at $26.07 per ounce, palladium inched up 0.1% and platinum eased 0.7%.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

GBP/USD

1.2475

-0.0015 (-0.12%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

USD/JPY

157.91

+0.12 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

Sell (3)

USD/CAD

1.3780

+0.0003 (+0.03%)

Summary

↑ Buy

Moving Avg:

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EUR/JPY

168.32

+0.10 (+0.06%)

Summary

↑ Buy

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EUR/CHF

0.9808

+0.0001 (+0.01%)

Summary

Neutral

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Gold Futures

2,295.80

-7.10 (-0.31%)

Summary

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Moving Avg:

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Sell (12)

Indicators:

Buy (0)

Sell (9)

Silver Futures

26.677

+0.023 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

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Sell (9)

Copper Futures

4.5305

-0.0105 (-0.23%)

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↑ Buy

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Crude Oil WTI Futures

81.14

-0.79 (-0.96%)

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↑ Sell

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Brent Oil Futures

85.62

-0.71 (-0.82%)

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Natural Gas Futures

1.946

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US Coffee C Futures

213.73

-13.77 (-6.05%)

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Euro Stoxx 50

4,920.55

-60.54 (-1.22%)

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S&P 500

5,035.69

-80.48 (-1.57%)

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DAX

17,921.95

-196.37 (-1.08%)

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FTSE 100

8,144.13

-2.90 (-0.04%)

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Sell

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Hang Seng

17,763.03

+16.12 (+0.09%)

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Sell (6)

US Small Cap 2000

1,973.05

-42.98 (-2.13%)

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IBEX 35

10,854.40

-246.40 (-2.22%)

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Neutral

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BASF SE NA O.N.

49.155

+0.100 (+0.20%)

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Bayer AG NA

27.35

-0.24 (-0.87%)

Summary

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Allianz SE VNA O.N.

266.60

+0.30 (+0.11%)

Summary

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Adidas AG

226.40

-5.90 (-2.54%)

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Deutsche Lufthansa AG

6.714

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Siemens AG Class N

175.90

-1.74 (-0.98%)

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Deutsche Bank AG

15.010

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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RON 95-V25.44025.940
RON 95-III24.91025.400
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EUR26.475,3627.949,19
GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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