Baxia Markets
July 14, 2021

Gold price in challenging

fundamental analysis top header -01


The price of gold went up again last week, with the U.S consumer price made a record  last month for the past 13 years; however, the dollar is still trying to confine the gold price. U.S consumer prices index(CPI) rose 0.9%, which is a range more than 2008. According to Reuters, the forecast for overall CPI to rise 0.5%. 




Analysts believe that the situation is unlikely to trigger the monetary policy to change. “It’s going to take a string of these hotter numbers on the inflation readings to move the needle for the Fed. One month’s reading is not going to do it,” said Jim Wyckoff, senior analyst with Kitco Metals.

 Traders will keep their eyes on Powell’s testimony before Congress to see any hint that leads to the central bank’s assets purchases. “If the current trend for inflation continues then surely the central bank will have to react and sooner,” said Fawad Razaqzada, analyst with ThinkMarkets.


We love to hear new ideas from traders and want to know what you think! 


If you like this topic and want to suggest future topics that you find helpful, let us know by clicking the ‘submit your feedback’ button below.


Open Live Account  


Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 


Nothing contained in this website should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit. 

Subscribe by Email