Gold in Asia fell against the dollar on Thursday morning, with investors pushing the U.S. Additional signals of inflation in and mobilized to seek economic recovery from the COVID-19 epidemic.
Gold futures were down 0.35% at $ 1,888.95. The dollar, which usually moves in the opposite direction to gold, is the 10-year U.S. dollar. Treasury yields fell to 1.50% for the first time since May 7.
U.S. Economic Growth and U.S. To get more clues about the direction of the Federal Reserve’s monetary policy, investors are now looking at the U.S., including the key consumer price index for May and early unemployment demands.
“A significant reversal in inflation may sway the federal debate sooner rather than later, although the majority expects significant improvement toward maximum employment.”So far, however, the market is buying because of the central bank’s view that inflation is interim and that the central bank will not change its policy guidelines at next week’s FOMC meeting,” ANZ economists said in a statement.
Across the Atlantic, the policy decision of the European Central Bank will hand over its policy decision later in the day. If higher borrowing costs prevent further new economic recovery from the COVID-19 epidemic, the central bank will maintain its current stimulus measures.
Meanwhile, the summit of seven (G7) leaders will begin on Friday in Cornwall.
Among other precious metals, silver was down 0.1%, platinum was down 0.2% and palladium 77 was up 2,777.69.
