Gold Prize: Strong Purchasing Wave Under Great Appointants
on the Departures Markets returned to Gold Futures for five weeks of sales pressure at gold futures after five weeks of sales. by Jörg Bernhard According to the current commitments of Traders-Report The US supervisory authority CFTC, with their net long-long position (optimistic market maintenance) in the week to July 6, from 162,200 to 182,800 contracts (+12.7 percent) Above, because they raised their long exposure by 16,300 futures and at the same time their short engagement has left 4,250 co
Sinking US yields and stock prices have helped the crisis protection gold to significant tailwind. © Provided by Finanzen.net Thomas Lohres / Getty Images
by Jörg Bernhard
Such, for example, the returns of ten-year US government bonds slipped below 1.20 percent and marked the deepest level for five months. Low returns are generally considered to be beneficial for gold due to the lower opportunity cost (interest rate). Growing corona worries have greatly unsettled investors at the start of the week and led to a distinctive sales shaft on the stock markets and an escape movement in the secure port gold. Today, Japan reported with an inflation rate of 0.2 percent P.A. for the first time since August last consumer prices. Only a reminder: For December, a value of minus 1.2 percent had been reported.
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On Tuesday morning, the Gold Prize presented itself with attractive quotations. Until 7.35 (MESZ), the most active futures traded on gold (August) at 8.60 to $ 1,817.80 dollars per fleemen.
crude: slightly recovered after price collapse
with daily losses of 7.5 percent (wti) or 6.5 percent (brent), the fossil was very negative in the new trade week. Responsible for this was less the increase in the operating volumes announced by OPEC, but above all concerns about worldwide rising corona new infections. The high-walled delta variant has become the dominant mutation of the pandemic originally derived from China in many countries. According to US stock exchanges, the weekly report of the American Petroleum Institute is attached to the announcement. One week ago, a decline in the US stored in the US was reported by 4.08 million barrels. According to a survey published by Trading Economics under analysts, a minus of 4.2 million barrels is forecast for the past week.
On Tuesday morning, the oil price presented itself with slightly higher quotations. Until 7.35 (MESZ), the next WTI futures died by $ 66.52, while his counterpart at Brent took on 0.20 to $ 68.82.
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