On the last trading day of the week, gold prices seem to have increased slightly. While changes were seen in prices with the meeting of the European Central Bank the other day, it is discussed how another meeting to be held at 16.30 Turkish time will guide the markets. cryptocoin.com We convey the details as…
This data is expected for gold prices
Gold prices are affected by many political and economic data. Long regarded as a store of value and hedging asset, the yellow metal is widely intrigued by the large number of investors. So, what will be the development that will affect prices today? Investors’ focus turned to the United States’ nonfarm payrolls data.
It is thought that the price of gold may be affected if these data from the USA at 16:00 are outside the expectations. Expectations are for nonfarm employment to see an increase of 150,000 for January. Last month, this data was around 199,000.
ECB’s meeting gave impetus to gold
The other day, the statements of the European Central Bank (ECB) guided the gold. The European Central Bank (ECB) kept interest rates at zero, but ECB chief Christine Lagarde said there was “a common concern” among policymakers about inflation. “Compared to our December expectations, the risks to the inflation outlook are on the upside, especially in the near-term. Inflation could be higher if price pressures feed higher-than-expected wage increases or if the economy returns to full capacity faster,” he said.
With the upside surprise that we saw first in December and secondly in January, I can say that there is unanimous concern about inflation figures on the Governing Council’s table.
With the interest rate increase signal from the ECB, in other words, with the hints that monetary policy will be tightened, the price of gold managed to rise above $ 1,800 an ounce. An ounce of gold has been changing hands at around $1,790 for a while. At the time of writing it is around $1,809. Meanwhile, although gram gold opened the morning hours above 790 liras, it decreased to 787 liras. At the time of writing, it appears to have changed hands at 788.96 liras.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.