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Gold Back Above $1,800 as U.S. Consumer Inflation Underwhelms

By Barani Krishnan AiVIF.com - Gold returned to above the key $1,800 an ounce level on Tuesday as U.S. consumer inflation data for August came in within expectations, allaying...
Gold Back Above $1,800 as U.S. Consumer Inflation Underwhelms

By Barani Krishnan

AiVIF.com - Gold returned to above the key $1,800 an ounce level on Tuesday as U.S. consumer inflation data for August came in within expectations, allaying some investors’ concerns that the Federal Reserve will resort to a faster-than-expected taper of its economic stimulus.

Most-active December gold on New York’s Comex settled up $12.70, or 0.7%, at $1,807.10 after moving between 1,783.35 and $1,810.65.

The U.S. Consumer Price Index expanded by 5.3% in August from the prior year, moderating from July’s growth of 5.4%, as per economists’ projections. While it may not be enough on its own to prevent a Fed taper, the reading eased some concerns about runaway inflation. It also validated the central bank’s assertion that the heady price pressures seen since the start of the year will ease by the fourth quarter.

“CPI is decelerating and that should be very good for gold in the short-term as real interest rates go down,” said Ed Moya, analyst at online trading platform OANDA. “After the August CPI print, gold should have enough momentum to stabilize above $1800 by the end of today, but if it doesn’t, it could get very ugly.”

The question of when the Fed ought to taper its stimulus and raise interest rates has been hotly debated in recent months as economic recovery conflicts with a resurgence of the coronavirus’ Delta variant. Chairman Jay Powell is to hold a news conference on Thursday after the Fed’s monthly two-day policy meeting.

The Fed’s stimulus program and other monetary accommodation have been blamed for aggravating price pressures in the United States. The central bank has been buying $120 billion in bonds and other assets since the Covid-19 outbreak of March 2020 to support the economy. It has also been keeping interest rates at virtually zero levels for the past 18 months.

After declining 3.5% in 2020 from business shutdowns owing to Covid-19, the US economy expanded robustly this year, expanding 6.5% in the second quarter, in line with the Federal Reserve’s forecast.

The Fed’s problem, however, is inflation, which has been outpacing economic growth.

The Fed’s preferred gauge for inflation - the core Personal Consumption Expenditures Index, which excludes volatile food and energy prices - rose 3.6% in the year through July, its most since 1991. The PCE Index including energy and food rose 4.2% year-on-year.

The Fed’s own target for inflation is 2% per annum.

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28-09-2021 04:53:47 (UTC+7)

EUR/USD

1.1698

+0.0004 (+0.03%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (5)

EUR/USD

1.1698

+0.0004 (+0.03%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (5)

GBP/USD

1.3704

+0.0008 (+0.06%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (3)

USD/JPY

110.99

-0.01 (-0.01%)

Summary

Neutral

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (4)

Sell (1)

AUD/USD

0.7286

0.0001 (0.00%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (0)

Sell (3)

USD/CAD

1.2628

+0.0001 (+0.01%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (6)

EUR/JPY

129.83

+0.05 (+0.04%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (1)

EUR/CHF

1.0833

+0.0009 (+0.09%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (0)

Sell (4)

Gold Futures

1,749.80

-0.05 (0.00%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Silver Futures

22.625

-0.012 (-0.05%)

Summary

Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (2)

Copper Futures

4.2782

-0.0015 (-0.04%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (9)

Crude Oil WTI Futures

75.41

+1.43 (+1.93%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Brent Oil Futures

78.62

+0.01 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (0)

Natural Gas Futures

5.860

+0.660 (+12.69%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

US Coffee C Futures

194.98

+0.63 (+0.32%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

Euro Stoxx 50

4,165.48

+6.97 (+0.17%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

S&P 500

4,443.11

-12.37 (-0.28%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (9)

DAX

15,573.88

+42.13 (+0.27%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

FTSE 100

7,063.40

+11.92 (+0.17%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (7)

Hang Seng

24,208.78

+16.62 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,281.79

+33.71 (+1.50%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

IBEX 35

9,002.90

+129.80 (+1.46%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (4)

Sell (2)

BASF SE NA O.N.

64.740

+1.040 (+1.63%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (5)

Bayer AG NA

47.47

+0.99 (+2.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Allianz SE VNA O.N.

196.19

+3.85 (+2.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (2)

Adidas AG

278.80

-2.77 (-0.98%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Deutsche Lufthansa AG

6.561

+0.328 (+5.26%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (2)

Siemens AG Class N

147.27

-0.84 (-0.57%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (10)

Deutsche Bank AG

11.120

+0.285 (+2.63%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (3)

    EUR/USD 1.1698 Sell  
    GBP/USD 1.3704 Neutral  
    USD/JPY 110.99 Neutral  
    AUD/USD 0.7286 Neutral  
    USD/CAD 1.2628 ↑ Sell  
    EUR/JPY 129.83 Buy  
    EUR/CHF 1.0833 Neutral  
    Gold 1,749.80 ↑ Sell  
    Silver 22.625 Sell  
    Copper 4.2782 ↑ Sell  
    Crude Oil WTI 75.41 ↑ Sell  
    Brent Oil 78.62 ↑ Buy  
    Natural Gas 5.860 ↑ Buy  
    US Coffee C 194.98 ↑ Buy  
    Euro Stoxx 50 4,165.48 ↑ Sell  
    S&P 500 4,443.11 ↑ Sell  
    DAX 15,573.88 ↑ Sell  
    FTSE 100 7,063.40 ↑ Sell  
    Hang Seng 24,208.78 ↑ Buy  
    Small Cap 2000 2,281.79 ↑ Sell  
    IBEX 35 9,002.90 Buy  
    BASF 64.740 ↑ Sell  
    Bayer 47.47 ↑ Buy  
    Allianz 196.19 ↑ Buy  
    Adidas 278.80 ↑ Sell  
    Lufthansa 6.561 ↑ Buy  
    Siemens AG 147.27 ↑ Sell  
    Deutsche Bank AG 11.120 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,665/ 5,715
(0/ 0) # 900
SJC HCM5,635/ 5,700
(0/ 0) # 885
SJC Hanoi5,635/ 5,702
(0/ 0) # 887
SJC Danang5,635/ 5,702
(0/ 0) # 887
SJC Nhatrang5,635/ 5,702
(0/ 0) # 887
SJC Cantho5,635/ 5,702
(0/ 0) # 887
Cập nhật 28-09-2021 04:53:48
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ↀ Giá vàng thế giới
$1,750.17 +0.67 0.04%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-IV2204022480
RON 95-II,III2194022370
E5 RON 92-II2071021120
DO 0.05S1658016910
DO 0,001S-V1693017260
Dầu hỏa1564015950
ↂ Giá dầu thô thế giới
WTI $75.27 -0.58 -0.78%
Brent $78.60 -0.59 -0.76%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.630,0022.860,00
EUR25.993,7727.346,60
GBP30.324,2231.591,18
JPY200,45212,05
KRW16,7520,39
Cập nhật lúc 18:54:42 27/09/2021
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