Western Countries Impose Further Sanctions On Russia, Gold Price Sways Towards North
While the 10-year U.S. Treasury yield has reached its highest level in three years, Russia’s cold-blooded massacre on innocent Ukrainian civilians has prompted a fifth round of Western sanctions on Russia, fueling global fears of recession and high inflation. In addition, the market is speculating on the next step after the Fed raises interest rates in March, and various uncertainties have led to investor funds flowing into gold market, so it is still bullish on gold prices. This week ushered in a number of important data, which will have an impact on the trend of gold.
The trend of gold can be paid attention to…
-Latest news on the Russian-Ukrainian war
-20:30 US CPI (Mar)
-20:30 US PPI (Mar)
-19:45 ECB Announces Interest Rate Decision
-20:30 US Unemployment Claims for the week ending 4/9
-20:30 U.S. Retail Sales Index (MoM) (Mar)
-22:00 University of Michigan Consumer Confidence Index (Preliminary Value) (Apr)
Which will affect the trend of gold, and investors must seize the opportunity to place orders.
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