Economic Indicators

14：45 French HICP (MoM) (May)‧Fcst+0.2%‧Prev+0.2%
14：45 French HICP (YoY) (May)    ‧Fcst+2.7%‧Prev+2.7%
17：00 EZ Trade Balance (Apr)‧Fcst20.0B‧Prev24.1B
20：30 US Import Price Index (MoM) (May)‧Fcst+0.1%‧Prev+0.9%
20：30 US Export Price Index (MoM) (May)‧Fcst+0.0%‧Prev+0.5%
22：00 US Michigan Consumer Sentiment (Jun)‧Fcst72.0‧Prev69.1
22：00 US Michigan Current Conditions (Jun)‧Fcst71.0‧Prev69.6
22：00 US Michigan Consumer Expectations (Jun)‧Fcst70.0‧Prev68.8
22：00 US Michigan 1-Year Inflation Expectations (Jun)‧Prev+3.3%
22：00 US Michigan 5-Year Inflation Expectations (Jun)‧Prev+3.0%
 

XAU London Gold - Gold prices fall again as interest rate cut bets dwindle following Fed decision

Gold fell in London on Thursday after three consecutive days of gains. Data on Thursday showed U.S. producer prices unexpectedly fell in May as energy costs fell, suggesting inflation was easing after a surge in the first quarter. Pricing in money markets showed traders boosting their bets on how much the Fed will ease policy by the end of the year to 50 basis points, or two cuts of 25 basis points each, from 40 before the PPI data. base point. Consumer price index data released on Wednesday also showed a slowdown in inflation, with the month-on-month increase in CPI unexpectedly staying flat in May.

The trend of gold in London, as seen from the technical chart, the overall gold price can also maintain a bottom near the $2280 level in early May. For the time being, the gold price can also stop at a low of 2286.60 on Monday. The low of last Friday was 2286.50. In the short term, it may Gold prices may be showing signs of stabilizing again. The current resistance will be at $2320 and the 50-day moving average of $2345, with the greater resistance pointing to the $2360 and $2400 levels. Support will first focus on $2300 and $2280, and the larger support will refer to the bottom of the gold price correction of $2277 or even $2250 in early May.

London Gold June 14
Forecast early volatility: 2298 – 2306
Resistance 2313 – 2319 – 2328/2338
Support 2288 – 2276 – 2260/2246

SPDR Gold Trust gold holdings:
June 3 – 832.21 tons
June 4 – 832.21 tons
June 5 – 833.65 tons
June 6 – 837.11 tons
June 7 – 835.67 tons
June 10 – 835.67 tons
June 11 – 830.78 tons
June 12 – 830.78 tons
June 13 – 829.34 tons

13/6 AM London Gold Fix: $2316.35
13/6 PM London Gold Fix: $2310.8

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