Gold prices continue short-term fluctuations with focus on retail sales data.

METALS

DAILY PIPZ Analyst Team

6/18/20241 min read

Gold futures fell by 0.86% on Monday, June 17, continuing to fluctuate above the $2,300 level. This followed a 1.3% gain on Friday and a 1.6% decline on Thursday, amid ongoing market volatility due to last week's inflation data and the FOMC rate decision. After reaching a record high of $2,454.20 on May 20, gold prices have seen significant fluctuations.

In mid-February, gold hit its lowest point since mid-December, following a break below January's lows due to consumer inflation data. Since then, it has gained over $450.

Currently, gold is trading around $2,320, down 0.3% this morning. Other precious metals are also down: silver by 0.8%, platinum by 1.3%, and palladium by 2.5%.

The Empire State Manufacturing Index exceeded expectations at -6 yesterday. Today, important Retail Sales data will be released.

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Most of traders or investors accounts lose money when trading CFDs and Forex. You should consider whether you understand how CFDs and Forex work and can afford the high risk of losing your money.

All information that we share in this DAILY PIPZ website are based on our professional analysis in the past and the final decision to trade is yours. Please remember that past performance may not be indicative of future results.

Gold prices continue short-term fluctuations with focus on retail sales data.

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CFDs and Spot FX are complex instruments and come with high risk of losing money rapidly due to leverage and may not be suitable for all kind of traders or investors.

Most of traders or investors accounts lose money when trading CFDs and Forex. You should consider whether you understand how CFDs and Forex work and can afford the high risk of losing your money.

All information that we share in this DAILY PIPZ website are based on our professional analysis in the past and the final decision to trade is yours. Please remember that past performance may not be indicative of future results.

Trade or invest with the money that you can afford to lose. We’re not responsible for any possible outcome that might occurred.