Gold prices increased on Monday, smelling a maximum of two months as investors sought refuge in security assets after the clashes intensified between Israel and I was fueled the fears of a broader regional conflict.
Fundamentals
Spot Gold Gold Gold 0.4 percent at $ 3,447.07 An ounce axis of 0021 GMT, after reaching its highest level from April 22 before the session. The US gold
Israel and Iran launched new attacks on Sunday, killing and hurting civilians and raising Conerns of a broader regional conflict, with both military who urge civilians in the precautions of the opposite side against other strikes. The president of the United States, Donald Trump, said Sunday that he hopes Israel and Iran can negotiate an agreement, but said that sometimes countries have to fight first.
The US Federal Reserve is expected to convert its policy meeting from June 17 to 18, with its expired decision on Wednesday. Although it is widely anticipated that the Central Bank maintains stable interest rates, markets are interested in the signals of possible feats of fees in the coming months. The Fed has maintained its funding rate of the reference Fed by 4.25 percent to 4.50 percent since December, after a reduction of a point of point.
Future markets suggest expectations for two rates cuts by the end of the year, possible from September, reinforced by domesticated inflation data last week. Gold, or considered the insurance times of geopolitical and economic uncertainty, tends to prosper well in the low interest rate environment. Meanwhile, the feeling of the consumer of the United States improved for the first time in six months of June as commercial tensions between the United States and China decreased, but households concerned with the trajectory of the economy.
In other places, La Plata Mancha Decued 0.2 percent to $ 36.23 per ounce, platinum increased 0.6 percent to $ 1,234.47, while the paladium won 0.9 percent to $ 1,036.58. Data/Events (GMT) 0200 Urban Investment of China (YTD) YY 0200 China Retail sales YY of May 0200 China CPI MM NSA May 0630 India Inflation WPI YY May 1100 Reserve assets of the Total EU May.