Precious metals are rising, supported by U.S. consumer price inflation data, which was in line with forecasts. Notably, the year-on-year growth rate of core CPI showed 3.2% versus a forecast of 3.3%. Although the data was mixed overall, it provided considerable relief to markets, helping to lift valuations of assets negatively correlated to the dollar. Yields on 10-year bonds fall to 4.66%, while the USDIDX dollar index loses 0.5%. Due to the increasing market demand for gold, the price of GOLD is increasing by almost 0.5% and SILVER is increasing by almost 1.8%, reaching around $30.5 per ounce.
OR (intervalle D1)
Gold maintains its uptrend and has recently respected the lower limit of its bullish structure twice, while drawing a potentially bullish formation with two increasingly higher lows. The all-time highs are at the $2,800 per ounce level.
Source: xStation5
SILVER (interval D1)
Silver has found support in the form of the 200-period exponential moving average (EMA200, red line) and is moving back higher, preparing to test the EMA50 and EMA100, both of which sit around $30.7 per ounce.
Source: xStation5
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