Gold futures prices continue to rebound. Recently, it was on the verge of breaking through 2,180 dollars as investors sent speculative buying. After the price dropped heavily yesterday
At 10:48 pm Thai time, gold contracts on the COMEX (Commodity Exchange) market will be introduced in April. add $11.90 or 0.55% to $2,178.00/oz.
Gold prices plunged more than 1% yesterday after the US released the Consumer Price Index (CPI) above analysts’ expectations. This will be a factor that supports the United States Federal Reserve (Fed) to maintain interest rates at a high level for a longer period than expected.
Investors are keeping an eye on the Producer Price Index (PPI) for February, which will be released tomorrow. Find signs pointing to the direction of US interest rates Ahead of the Fed holding its monetary policy meeting on March 19-20.
The results of the survey of analysts expected the Headline PPI Index, which includes food and energy categories, to rise 1.2% in February year on year from 0.9% in January.
On a monthly basis, the general PPI index is expected to increase by 0.3% in February after also increasing by 0.3% in January.
As for the basic PPI index (Core PPI), which does not include food and energy categories. It is expected to increase by 2.0% in February year on year. After also increasing by 2.0% in January.
On a monthly basis, the core PPI index is expected to increase by 0.2% in February from 0.5% in January.
#price #gold #continues #poised #surpass #price #fell #heavily #yesterday #RYT9
