Introduction
Happy Friday! We hope that our viewers are keeping well and safe. Today's news article highlights the Inflation issues and Gold's new high.
Inflation
- Senior Federal Reserve official indicates that the US Fed could speed up the tapering process as US inflation surged to a record 30-year high.
- CPI Consumer Price Index figures might push the committee in the next couple of meetings to manage inflation risk appropriately, indicated by St.Louis Fed James Bullard.
- US bond yields are declining, with 10-year yields back to levels below 1.60% compared to the three weeks high of 1.65%.
Gold
- Gold is currently hovering around the $1860-70 region after prospects of an early policy tightening indicated by the FED.
- The market's sentiment remains disturbed by the faster than expected rise in inflationary pressure. The cautious mood surrounding the equity market served as evidence of the disturbance and supported Gold.
- All eyes are the upcoming US monthly Retail Sales figures that could give insight into the economy's performance.
Source
Bol News
FX Street
FX Street
Weekly Gold Investment Series Guide
Checkout our blog weekly or subscribe to our newsletter for the latest Gold Investment Guides
Click here to visit our Blog
Click here to Subscribe to our Newsletter
