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Financial Network News on January 14, investors continue to pay attention to the House vote on President Donald Trump’s impeachment, as they weigh the impact of the US inflation report, Gold futures closed slightly .
February gold futures prices rose $ 10.70 to close at $ 1,854.90 an ounce, an increase of 0.6%, and fell 0.4% on Tuesday; the price of silver for March delivery rose slightly 13.7 cents, or 0.5%, to settle at US $ 25,572.
Kitco.com Senior Analyst Jim Wyckoff wrote in a daily investigative report: “Today’s focus is on the United States House of Representatives. They will prosecute President Trump for the second time in an unprecedented manner. Trump. There is only one week left and before Joe Biden is the next president, the threat of violence from extremists across the United States has made the market anxious. ”
Earlier Wednesday, the US Consumer Price Index (CPI) rose 0.4% in December and the core index, excluding food and energy, rose 0.1% in December, after which gold futures rose. Compared to the same period last year, this data is 1.4%, the basic data is 1.6%, and the average expectations of economists are 1.3% and 1.6%. The headline CPI has risen for 7 consecutive months, but is still below the Fed’s 2% target.
Investors have largely ignored the renewed political hatred in Washington. The Democratic-controlled House of Representatives is expected to vote to impeach Trump later Wednesday. Because he obviously played a role in triggering the violent attack on the United States Capitol. Some House Republicans, including Liz Cheney, the third leader of the House of Representatives in Wyoming, have declared that they will vote for impeachment.
Recently, the price of gold has traded in a relatively soft range and is tending to decline. It may fall below the significant psychological barrier of $ 1,800. Some technical strategists believe this will drive gold prices down in the near future. At the same time, according to the latest Beige Book issued by the Federal Reserve after the delivery of the gold, a business survey of the 12 business districts of the Federal Reserve showed that business activities in some areas declined in November and December.
Among other metal products traded on the New York Mercantile Exchange, March copper futures rose 1.15 cents to close at $ 3.617 a pound, an increase of 0.3% and a gain of 1.2% on Tuesday. In April, platinum prices rose US $ 42.90, or 4%, to close at US $ 1,110.70 an ounce, and rose 2.2% on Wednesday; March palladium rose US $ 20.90, or 0.9%, to close at US $ 2,397.10 an ounce, a 0.1% drop on the previous day.
Source: Financial World NetworkReturn to Sohu to see more
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