- Gold cuts earnings, remains above $ 1750.
- Again, US inflation data may be key, in addition there will be unemployment benefits.
- Stock markets mostly on the rise.
The oro it reached $ 1,758 an ounce in the European session, reaching the highest level since the beginning of the week. It then lost steam and started to pull back and is trading at $ 1,751.60, just above Wednesday’s closing level.
The precious metal could not move significantly away from the $ 1,750 zone, which is of technical relevance. A dip below could trigger an extension of the bearish correction. Compared to the levels it had 24 hours ago, it is almost $ 20 higher.
The decline in the XAU / USD is taking place in the face of a moderate rise in the dollar in the market. Stock markets are green in Europe, and futures on the major Wall Street indices are trading mostly positive, with small gains.
In EE.UU. inflation data will be known again, in this case wholesale, with the data of the producer price index. At the same time, at 12:30 GMT, the weekly report of requests for unemployment benefits will also be released. Wednesday’s consumer price index figures drove the dollar sharply and boosted gold.
Technical levels
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