In the early morning of the 13th, Beijing time, gold prices fell slightly on Monday. Traders await US inflation data as well as the Fed's speech to get a better understanding of the central bank's interest rate outlook.
As of press time, the U.S. spot ***04% at 2015 per ounce$59. The main force of the New York Mercantile Exchange***05% at 2029 per ounce$20.
Jim Wyckoff, senior analyst at Kitco Metal, said he expects the Fed to not be able to cut interest rates before May, given the recent strong U.S. economic data, and the timing of the rate cut may be delayed until the second half of the year. In addition, he believes that due to the recent continuity, investors have limited interest in buying.
We expect inflation to cool somewhat, but if we don't see that, that's going to put some pressure on ***," he said.
U.S. CPI data will be released on Tuesday, followed by Thursday's U.S. retail sales and Friday's producers** index (PPI) data, while markets are still awaiting comments from at least seven Feds** this week.
At present, the market expects the US CPI survey in January to be **0 per month2%, while the core CPI is expected to be 03%。
This article is sourced from: the financial world.