Sport Gold Price: US inflation data in the afternoon
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Raphael Bostic, president of the Federal Reserve Bank of Atlanta, is one of the most prominent government officials yet to publicly express support for reparations as a way to address the consequences of racism and inequality in America. © Cooper Neill/Bloomberg/Getty Images Raphael Bostic, the first openly gay and the first Black Fed president, is worried about how the pandemic is exacerbating inequality. "The people who had the least are being hit the hardest," the Atlanta Fed president said.
Today's Dealing Day is all about inflation. In the afternoon, market players learn how the inflation rate has developed in the US in March.
by Jörg Bernhard
It is at 2.30 pm to be announced and is likely to be well above the targeted by the US Federal Reserve of two percent P.A. According to a survey published by Trading Economics under analysts, a consensus is expected to be incurred by 1.7 to 2.5 percent P.A. Accelerated inflation. Further inflation data will be published on Thursday for Germany, France and Italy and on Friday for the Eurozone. Whether the growing inflation worries will help the gold price remain to be seen. In the past few weeks, the yellow precious metal responded mainly to the events at the "Zinsfront", where theUS-American government bonds have increased significantly.
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On Tuesday morning, thecrude: trade accounts from China uneven presented itself with renowned quotations. Until 7.35 (Mesz), the most active futures traded on gold (June) at 6.50 to $ 1,726.20 per ounce.
In the early morning, China reported current figures for the trade balance in the month of March. In March, it was the exports by 30.6 percent P.A. and with imports by 38.1 percent P.A. uphill. Thus, the Chinese exports weaker and imports fell more than expected. With the oil imports, an increase of 21 percent P.A. had been reported. After US stock exchanges, the weekly report of the American Petroleum Institute (22.30 clock) should provide increased attention. Its tenor could then significantly influence the tendency for tomorrow's trading day.
On Tuesday morning, thepresented with higher quotations. Until 7.35 (CEST), the next WTI Future threw around € 0.14 to $ 59.84, while his counterpart at Brent took on 0.16 to $ 63.44.
Gold Prize: Highest US inflation For over eight years .
declining US yields and a weak dollar have helped the gold price yesterday to a striking recovery. © Provided by Finanzen.net Toru Yamanaka / AFP / Getty Images by Jörg Bernhard So slipped, for example, the dollar index, comparing the US currency compared to six other important currencies, has been at the lowest level for three weeks. With an inflation rate of 2.6 percent reported for March, the money relief was more than expected from analysts and thus achieved the highest value for over eight