Spot gold closed at US$1815.25 per ounce, down US$21.85 or 1.19%. The highest intraday hit US$1843.58 per ounce and the lowest US$1813.13 per ounce. As of Tuesday, gold prices have risen for five consecutive trading days, which is the longest rise since January 5. Excluding the volatile food and energy prices, the core CPI increased by 3% over the same period in 2020 and 0.9% month-on-month. Higher data may put pressure on the Fed to raise interest rates early, and this concern has led to a sell-off of interest rate-sensitive technology stocks this week. The report should be good for gold prices, because gold is seen as an inflation hedge; however, some analysts pointed out that rising inflation may force the Fed to raise interest rates faster than expected.
The U.S. Energy Information Administration (EIA) announced that crude oil inventories fell by 427,000 barrels last week, compared to the market’s original forecast of 2.817 million barrels. During the period, gasoline inventories increased by 378,000 barrels, which is expected to decrease by 600,000 barrels. As for distillate oil inventories, a decrease of 1.733 million barrels is expected, and the market is expected to decrease by 1.08 million barrels. In addition, the United States imports an average of 5.5 million barrels of crude oil per day, an increase of 37,000 barrels on a weekly basis. Although the decrease in US crude oil inventories was lower than expected, it had little impact on oil prices. Oil prices in New York temporarily hovered at the level of US$65/barrel.
場外式黃金/白銀交易由 Max Online 提供。場外式黃金/白銀交易涉及高度風險，未必適合所有投資者。高度的槓桿可為閣下帶來負面或正面的影響。場外式黃金/白銀並非受證券及期貨事務監察委員會（「證監會」）監管，因此買賣場外式黃金/白銀將不會受到證監會所頒布的規則或規例所約束，包括（但不限於）客戶款項規則。閣下在決定買賣場外式黃金/白銀之前應審慎考慮自己的投資目標、交易經驗以及風險接受程度。可能出現的情況包括蒙受部分或全部初始投資額的損失，或在極端情況下（例如相關市場跳空）產生更多的損失。因此，閣下不應將無法承受損失的資金用於投資。投資應知悉買賣場外式黃金/白銀有關的一切風險，如有需要，請向獨立財務顧問尋求意見。