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Precious Metals
Daily market commentary: The euro edged up, ahead of the European Central Bank meeting
Gold Gold prices are flat during early Thursday trading, barely moving as traders eye the release of important US employment and inflation data, which…

Gold
Gold prices are flat during early Thursday trading, barely moving as traders eye the release of important US employment and inflation data, which is coming out later today and tomorrow. The price of bullion remains conditioned by two vectors that have kept it in a narrow range over the last few sessions; on one side, the precious metal is supported by the economic uncertainty generated by geopolitical instability and high inflation, which enhances its haven appeal. At the same time, a strong dollar and rising bond yields, cap gains for the non-yielding gold. Against this background, the US data, due to be released before the weekend may generate more movement in the price of bullion, especially if inflation numbers surprise to the upside and trigger more gains for the dollar, in a dynamic that would penalize gold.
Ricardo Evangelista – Senior Analyst, ActivTrades
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