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Back Fundamental analysis
China stuffs its purse with gold
Gold recovered some intraday losses while oil
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Gold recovered some intraday losses while oil swung on mixed supply signals, and the market is monitoring how energy prices will affect the Fed's future rate path. It is gold's sensitivity to oil swings that is driving its moves now: traders are trying to gauge whether high energy prices will keep inflationary pressure high enough to justify more Fed hikes. The cheaper oil becomes, the fewer arguments the Federal Reserve will have to continue tightening. This would benefit gold — an asset with
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
Neutral
Urgency
1 day
Analytic
Maxim Magdalinin
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