GOLD - Gold trading strategy on 7/11, Continuation of downtrend
The world gold price almost stood still with spot gold down 0.9 USD to 1,925.1 USD/ounce. Gold futures in August traded at the end of the period at 1,931.5 USD / ounce, down 1.5 USD compared to the previous morning.
The world gold market started the week quite quietly when the price fluctuated with a mechanical margin. However, this week is forecast to be a busy week with many important economic reports to be released, including June usage data. The consumer price index is expected to increase 5% compared to the previous month. year-on-year, compared with a 5.3% increase in the May report.
The dollar fell to a three-week low in the last session, after comments by the US Federal Reserve regulators (Fed) reinforced market expectations of the Central Bank. close to the end of the tightening policy cycle.
The euro rallied to a three-month high against the dollar of $1.0997. Against the Japanese yen, the greenback fell to 141.32 yen, its lowest level since June 21.
The world gold market started the week quite quietly when the price fluctuated with a mechanical margin. However, this week is forecast to be a busy week with many important economic reports to be released, including June usage data. The consumer price index is expected to increase 5% compared to the previous month. year-on-year, compared with a 5.3% increase in the May report.
The dollar fell to a three-week low in the last session, after comments by the US Federal Reserve regulators (Fed) reinforced market expectations of the Central Bank. close to the end of the tightening policy cycle.
The euro rallied to a three-month high against the dollar of $1.0997. Against the Japanese yen, the greenback fell to 141.32 yen, its lowest level since June 21.
