US News Gold Prize: Second weekly profit in a row Probably

09:45  22 october  2021
09:45  22 october  2021 Source:   finanzen.net

Gold Prize: Strongest Weekly Beware Since May possible

 Gold Prize: Strongest Weekly Beware Since May possible The gold price developed very friendly this week and could achieve the highest weekly plus since May. Currently it amounts to 1.9 percent. © Provided by Finanzen.net Peter Bischoff / Getty Images by Jörg Bernhard Responsible for this were declining US- returns and a yield dollar. Because, according to the latest Fed protocol, most of the central bankers for a return of bond purchases already plead in November, the upward movement came to the upcoming.

Within a week, the gold price has so far increased by 1.1 percent. Thus, the crisis protection waves the second weekly profit in a row.

Thomas Lohnes/Getty Images © Provided by Finanzen.net Thomas Lohres / Getty Images

by Jörg Bernhard

The $ 1,800 dollar is likely to prove a difficult hurdle, as primarily speculative capital is flowing into gold. This is mainly due to the persistent dollar weakness. Significantly higher encouragement, after the commercial start of the first Bitcoin ETF, experienced the crypto feed number one. The approval of other securities by the SEC could enhance this trend and continue to weaken the attraction of gold. In the evening, market players learn about the Commitments-of-Traders report of the US supervisory authority CFTC (21.30 clock), as the mood has developed at gold and bitcoin futures in the week on 19 October. In the afternoon, MarkIT purchasing manager indices (15.45 clock) could give new impetus to the gold price.

Pope Francis demands universal basic income

 Pope Francis demands universal basic income as clear as Pope Francis has never been great for the introduction of a universal basic income. He also spoke in a video message for shorter working hours. © Picture Alliance / Photoshot Pope Francis at a performance in the Vatican in June "I believe that these measures are necessary," emphasized the Catholic church head. One basic income allows every human being access to the most fundamental things, so the Pope in the video for the fourth world meeting of popular movements.

On Friday morning, the Gold Prize presented with higher quotations. Untiates 7.40 (CEST), the most active futures traded on gold (December) by 5.70 to $ 1,787.60 dollars per fleemen.

crude oil: before the weekend in the minus

because the situation on the coal and gas markets has a bit relaxed, crude oil recorded a slightly declining demand for inquiry. In Cushing (Oklahoma), the delivery point for WTI crude oil, but the stored oil reserves with 31.2 million barrels have meanwhile fallen to the lowest value for three years, which brings the tense supply to particularly well. As usual on Fridays, the US service company Baker Hughes operates in the oil sector will communicate its weekly report on North American drilling activities (19.00 clock) and could thereby provide new information about the current supply situation on the energy markets. In surprises, this should also affect the trading end of the coming week.

On Friday morning, the oil price presented itself with recovering quotations. Until 7.40 (MESZ), the next WTI futures reduced by 0.51 to $ 81.99, while his counterpart returned to BRENT by 0.67 to $ 83.94.

editorial finance.net

Gold Prize: Waiting for inflation data from Europe .
Although the dollar is slipped on Thursday Thursday, the gold price can not benefit from it and has negative signs before the weekend. by Jörg Bernhard Considering that the day before Germany has been published as expected inflation rate (4.5 percent PA) and for the USA a weaker than expected economic growth (+2.0 percent), the gold price responded more disappointing. In the morning, market players now learn how to develop the inflation in Europe.

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