Today we round up the top stories to hit the gold market.
- Inflation: Will inflation suffer the premature rise if the US raise interest rates too soon? This has been the question on some traders lips as the fed continue their scaling back programme. Hyper inflation and deflation have both historically been supportive of the gold price.
- Global equities are under pressure as tension mounts along Ukraine’s borders although the stronger dollar is currently preventing a strong gain in gold price. as equities come under pressure and falter the desire for gold the safe haven asset grow stronger and fear buying may ensue.
- The latest US data has been a mixed bag with the latest employment figures being disappointing, however there has been positive news in other US economic sectors.
- US coin sells rally W-O-W. Last week coin sales reached a mere 1,500 so far this week coin sales have reached 6,500, this could signify plenty of positive sentiment in the market.
- Italy’s economy returns to recession for the third time since 2008, the issue lies in a series of deep rooted structural obstacles therefore only time will tell if Italy’s latest recession will affect the Eurozone as a whole and then in turn commodity prices.
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