World gold prices this morning stabilized with spot gold increasing $2.4 to $1,910.6. Gold futures last traded at $1,932.8, up $0.3 from yesterday morning after information from the latest report showed sharp increases in producer price inflation and retail sales. The US producer price index (PPI) in August increased by 0.7% compared to expectations of a 0.4% increase.
The USD rose to its highest level in 6 months in the last trading session, due to positive US economic data exceeding expectations and the ECB signaling that this may be the last time raising interest rates in the context of a slowing economy. recession area. DXY measures greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increasing 0.58%, reaching 105.35.
The USD rose to its highest level in 6 months in the last trading session, due to positive US economic data exceeding expectations and the ECB signaling that this may be the last time raising interest rates in the context of a slowing economy. recession area. DXY measures greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increasing 0.58%, reaching 105.35.
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🔴 SL: 1926
🟢 TP1: 1913
🟢 TP2: 1908