World gold price in view: What speaks in August for Gold

10:00  02 august  2021
10:00  02 august  2021 Source:   finanzen.net

Gold Prize: Fight by 1,800-dollar mark continues

 Gold Prize: Fight by 1,800-dollar mark continues After four weekly profits in a row threatens the gold price now the first minus. So far, the crisis protection has lost 0.6 percent within a week. © Provil by Finanzen.net Philippe Huguen / AFP / Getty Images by Jörg Bernhard Despite doubled tones from the ECB, the $ 1,800 dollar brand has not been sustainably overcome. Even disappointing data from the US labor market could not stimulate the gold price.

After its significant burglary in June, the gold price has come back now. And the prospects for the yellow precious metal are loud Stanko Iliev, Financial Analyst at Invey, also good for August.

Spencer Platt/Getty Images © Provided by finanzen.net Spencer Platt / Getty Images

• Fed wants to stay with looser monetary policy

• Analyst Stanko Iliev is bullish for Gold

• Delta variant could help gold

in June the gold price fell temporarily from over 1,900 Dollars at nearly $ 1,750 dollars. Responsible for this reset, for a strong US economic data, which drove the dollar index upwards, and, on the other hand, utterances of the US Federal Reserve, which triggers concern in the market participants, that the Fed could reconsider their ultra-export monetary policy. These statements had a strong increase in yields of government bonds resulting in investors compared to gold to attractiveness.

Gold Prize: Stagnation At 1,800 Dollars

 Gold Prize: Stagnation At 1,800 Dollars The gold price is currently no major jumps, but has slightly undercut the $ 1,800 dollars in early Tuesday trading. © Provided by Finanzen.net Yasuyoshi Chiba / AFP / Getty Images by Jörg Bernhard Before the Tomorrowy Fed meeting, a waiting attitude seems under the investors. Easily dispensing interest in the week's largest gold-ETF SPDR Gold Shares was observed for the week's largest gold ETF. Its held gold quantity reduced from 1,027,38 to 1,025.64 tonnes and thus marked the lowest level sinc

Fed Soothes Mainted

Meanwhile, the gold price was able to climb the $ 1,800 dollar again. For Fed boss Jerome Powell clarified that although a debate has begun a return of billions-heavy securities purchases, yet it will take a while until the economy is so far that a reduction in monetary policy support can be considered.

In addition, the Fed considers the strong increase in inflation rate, which in June at 5.4 percent reached a 13-year-old high, only as a transitional phenomenon. So Powell assumes that the inflation initially remains at an elevated level before decreasing again. So he does not see the Fed under pressure.

Delta variant spreads from

Stanko Iliev, Financial Analyst at Invey, is also the opinion that the increasing dissemination of the contagious delta variant of the Coronavirus could help the gold price over the resistor brand of $ 1,850. This now dominates the infection events in the US and large parts of Europe. "We are not over the mountain for one end of the pandemic," Who Regional Director Hans Kluge explained to the situation in Europe. Sadly, you can experience a significant increase in the fall numbers associated with the delta variant.

Biles watches on as US teammate claims gold

  Biles watches on as US teammate claims gold US star Simone Biles supported American teammate Sunisa Lee as she took home gold in the Women's All-Around Final.Sunisa Lee wanted to quit during quarantine.

should deteriorate the epidemic situation and thus raises doubts about a sustainable economic recovery - for example because new lockdowns are required - or should the inflation contrary to the assessments of the Fed do not mitigate, then more investors are likely to visit the secure port gold again. The negative correlation to shares, interest and the dollar should then support the yellow noble metal.

Gold Prize: Risk Aversion could support

Stanko ILIEV assumes that investors will probably avoid the risk in August 2021. If it succeeds the gold price by cracking the resistance of $ 1,830, then the way is free to the next resistance at $ 1,850. However, if the development goes to the other direction and the gold price sink under the support of $ 1,750, then this is a clear "sell" signal and the way is down to 1,700 dollars.Redaction finanzen.net

COVID-19. In Ajaccio, the festivities for the birth of Napoleon are canceled .
© Archives West France / Franck Dubray Mass scheduled Sunday 15 August in the Cathedral of Ajaccio was maintained. Photo Stock Illustration. The Tourist Office of the Country of Ajaccio (South Corse) decided to cancel the traditional Napoleonic nights scheduled for August 12-15. A decision that intervenes while the island of beauty faces a soaring of the CVIV-19 epidemic. Only the Mass scheduled Sunday, August 15th in the Cathedral was maintained.

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