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CPT MarketsGold price breaks away from the United StatesCPIData impact,PPIData shows a slowdown in inflation...

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CPT MarketsGold price breaks away from the United StatesCPIData impact,PPIData shows a slowdown in inflation...909 / author:CPT / PostsID:1728098


gold/dollar(XAUUSD):

CPT MarketsGold price breaks away from the United StatesCPIData impact,PPIData shows a slowdown in inflation...646 / author:CPT / PostsID:1728098





News event: Gold prices have freed themselves from the impact of hot consumer inflation reports, Thursday recouped Wednesday's decline and climbed to 2,360 Above the US dollar. Earlier, the North American market released more data, including the Producer Price Index(PPI)There are signs of slowing inflation. Therefore, the decline in US Treasury yields has limited the rise of the US dollar. XAU/Spot trading in the US dollar has reached a historic high of approximately one ounce 2,374 US dollar, strong rise 1.70%. beautiful National Bureau of Labor Statistics(BLS)Additional inflation data from producers and initial application for unemployment benefits have been released Number of people. The number of people applying for unemployment benefits in the United States is lower than previous data and forecasts, indicating that the labor market is still tight.

Technical analysis: With the support of the current upward trend of gold, we will observe whether there is a chance to stand above the pressure line today.

Resistance level: 2365.88 Supporting position:2319.46



crude oilPrice difference contract(WTI):

CPT MarketsGold price breaks away from the United StatesCPIData impact,PPIData shows a slowdown in inflation...397 / author:CPT / PostsID:1728098




News Event: In OPEC After the monthly report was released, oil prices declined and the organization issued a warning, stating that it will closely monitor the balance of the oil market and expects a surge in demand during the summer. In terms of geopolitics, CNN reported that US intelligence agencies expect Iran to launch attacks on Israel or US assets in the Middle East in response to Israel's attack on Damascus. Meanwhile, due to the European Central Bank's unwillingness to confirm its first interest rate cut in June, the US dollar was unable to maintain its upward momentum under dual resistance. In addition, the US Producer Price Index(PPI)The title and core elements published meet or fall short of expectations.

Technical analysis: Crude oil is gradually converging and will continue to rise with the support of a stable upward trend.

Resistance level: 87.61 Supporting position:84.54

CPT MarketsRisk Tips and Disclaimers : The above article content is for reference only and is not intended as future investment advice.CPT Markets The articles published are mainly based on international financial data reports and international news as reference.




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