Gold surged and then retreated on the day the U.S. CPI inflation data was released, briefly approaching the historical high set in October
On Thursday (December 18), at the New York close, spot gold fell 0.16% to $4,331.50 per ounce. After the release of the U.S. CPI inflation report at 21:30 Beijing time, it rebounded briefly. After the U.S. stock market opened, it refreshed the daily low to $4,308.92 at 22:46, then rebounded to $4,374.65 at 00:20, refreshing the daily high—approaching the historical highest point of $4,381.52 set on October 20, before quickly giving back this wave of gains. COMEX gold futures fell 0.25% to $4,362.80 per ounce, and also reached $4,409.50 at 00:20—also approaching the (intraday) historical highest point of $4,433.00 set on October 20
Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments