- Metals Volatility Rises Following US Data
- Gold rises more than $ 20 in a few minutes, but it cannot recover $ 1,900.
The Gold is trading near neutral ground after minutes of sharp ups and downs. LTrading fell to $ 1,869, the lowest level in six days, after US inflation figures, but a few minutes later it jumped to $ 1,893.
The price is just below $ 1,890, in a context of high volatility in the market, which continues to digest the US data. These showed a greater than expected increase in inflation in May and a fall in orders for unemployment benefit.
The Treasury yields, initially soared but later moderated the rise, contributing to the gold rally. The 10-year rate is at 1.51%, after having reached 1.53%.
The Gold is struggling to find a direction. If the rebound can be confirmed, the bias could move to favor more raises, with a retest at $ 1,900. But if it returns below $ 1,880, it could be vulnerable again.
Technical levels
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