A one kilogram gold bar sits on top of silver bars at the London Gold Investments bullion brokers in London, United Kingdom, April 4, 2013.
Simon Dawson | Bloomberg | Getty Images
Gold prices held above the key psychological level of $ 1,800 as the dollar and bond yields came under pressure after a more moderate-than-expected rise in US inflation led to uncertainty over when the US central bank begins to reduce its asset purchases.
Spot gold was flat at $ 1,808.50 an ounce on Wednesday at 1:20 am GMT, after hitting a one-week high at $ 1,808.50 in the previous session.
US gold futures fell 0.2% to $ 1,803.80.
The consumer price index (CPI) rose only 0.1% last month, compared to an expected increase of 0.3%. This is the smallest gain in six months, suggesting that inflation has likely peaked, although it could remain high for some time amid persistent supply constraints.
The data cast a shade of uncertainty on the Federal Reserve’s taper schedule. The Fed will hold a two-day monetary policy meeting next week.
CPI data weighed on the dollar index, as the US 10-year benchmark yield hit its lowest level since August 24.
Lower yields reduce the opportunity cost of owning non-interest bearing bullion.
Japanese manufacturers’ confidence deteriorated to a five-month low in September as fallout from the latest wave of Covid-19 put further pressure on the world’s third-largest economy, the Reuters Tankan poll showed.
Silver fell 0.1% to $ 23.81 an ounce.
Platinum hit a nine-month low of $ 930.85 and last lost 0.4% to $ 935.60.
Palladium was stable at $ 1,979.16. Prices hit their lowest level since July 2020 at $ 1,935 in the previous session.
The mention sources can contact us to remove/changing this article
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos
to request, modification Contact us at Here or [email protected]