2024-03-13 15:53:07
Gold futures prices continue to rebound. Recently, it was regarding to break through 2,180 dollars as investors sent speculative buying. After the price dropped heavily yesterday
At 10:48 p.m. Thai time, gold contracts on the COMEX (Commodity Exchange) market will be delivered in April. added $11.90 or 0.55% to $2,178.00/ounce.
Gold prices plunged more than 1% yesterday following the United States released the Consumer Price Index (CPI) higher than analysts’ expectations. This will be a factor supporting the US Federal Reserve (Fed) to maintain interest rates at a high level for longer than expected.
Investors are keeping an eye on the Producer Price Index (PPI) for February, which will be released tomorrow. To find signals indicating the direction of US interest rates Before the Fed holds its monetary policy meeting on March 19-20.
The results of the survey of analysts expected that the Headline PPI Index, which includes food and energy categories, rose 1.2% in February year-on-year from 0.9% in January.
On a monthly basis, it is expected that the general PPI index increased 0.3% in February following also increasing 0.3% in January.
As for the basic PPI index (Core PPI), which does not include food and energy categories. It is expected to increase 2.0% in February year-on-year. After increasing 2.0% as well in January.
On a monthly basis, it is expected that the core PPI index increased 0.2% in February from 0.5% in January.
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