14.01.2021 12:24 PM
On Wednesday, gold futures showed positive dynamics after the release of the US inflation report. In addition, Trump has been impeached. The vote to remove the 45th US president is being held for the second time. However, on January 20, Joe Biden will take the presidency.
Nevertheless, the market is in an alarming state ahead of Joe Biden's inauguration, as there are extremist calls for violence in the country.
Gold received support amid a rise in the US consumer price index by 0.4% in December compared to November. Overall, the CPI has been rising for seven consecutive months, but remains below the Fed's target of 2%. February gold futures are trading at $1,840.00 per ounce.
At the moment, gold prices are more inclined to drop, as they are kept in a relatively narrow range. Some analysts believe that gold may fall below the $1,800 level. This will negatively affect prices in the short term.
March silver futures edged higher by 0.5% to $25,20 per ounce.
March copper futures increased by 0.3% to hit $3.617 per pound.
April platinum futures jumped by 4% to settle at $1,110.70 per ounce. March palladium futures added 0.9% to close at $2,397.10 per ounce.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
