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Gold Spot

Gold prices nudged up after data showed U.S. consumer prices increased more than expected last month but eased fears over the Federal Reserve tapering its monetary support. The dollar index fell to trade at 90.057 after hitting a near one-week high in the previous session. On the other hand, benchmark U.S. 10-year Treasury yields dropped to a three-month low, reducing the opportunity cost of holding non-interest bearing bullion.

Technical Resistance: 1910/1921

Technical support: 1887/1876

Market headlines:

  • Reopening U.S. economy fuels inflation, labor market recovery
  • Oil Poised for Third Weekly Gain on Improving Demand Outlook
  • South Korea to begin normalising monetary policy when economy sustains recovery
  • USDMYR traded at 4.1158

Economic data:

  • 11 June 2021 Malaysia time 02:00pm – United Kingdom GDP (QoQ)(MoM)(YoY)(Q1)
  • 11 June 2021 Malaysia time 02:00pm – United Kingdom Manufacturing Production (MoM)(Apr)
  • 11 June 2021 Malaysia time 04:30pm – BoE Gov Bailey Speaks

 

Reopening U.S. economy fuels inflation, labor market recovery

U.S. consumer prices rose solidly in May, leading to the biggest annual increase in nearly 13 years as a reopening economy boosted demand for travel-related services, while a global semiconductor shortage drove up prices for used motor vehicles. The pandemic’s easing grip on the economy was also underscored by other data on Thursday showing the number of Americans filing new claims for unemployment benefits fell last week to the lowest level in nearly 15 months. May’s inflation drivers appear to be temporary, fitting in with Federal Reserve Chair Jerome Powell’s repeated assertion that higher inflation will be transitory.

Oil Poised for Third Weekly Gain on Improving Demand Outlook

Oil topped $70 a barrel this week for the first time in more than two years, as investors digested varying demand signs. OPEC predicted that the global demand recovery will gather strength in the second half of the year, while traffic on U.S. roads and most of Europe was pretty much back to pre-virus levels. Oil demand will jump by about 5 million barrels a day — or roughly 5% — in the second half of 2021 compared with the first half, according to a report from OPEC on Thursday.

South Korea to begin normalising monetary policy when economy sustains recovery

The Bank of Korea (BOK) will start normalising its loose monetary policy in an orderly manner once the economy is seen on track for a solid recovery. BOK would continue to closely monitor market instability factors, such as global inflation and expectations about changes in major economies’ monetary policies, and pledged to take market stabilisation measures, if needed.

Source: Bloomberg, Investing.com, Reuters, CNBC

 

 

黄金现货

数据显示美国上个月消费者物价指数涨幅超过预期,但缓解了对美联储缩减货币支持的担忧后,金价小幅上涨。美元指数在前一交易日触及近一周高位后跌至 90.057。另一方面,基准美国 10 年期国债收益率跌至三个月低点,降低了持有无息黄金的机会成本。

技术阻力:1910/1921

技术支持 :1887/1876

主要头条:

  • 重新开放美国经济助长通胀和劳动力市场复苏
  • 因需求前景改善,油价连续第三周上涨
  • 韩国在经济持续复苏时开始货币政策正常化
  • 美元兑马币交易 RM 4.1158

 

经济数据:

  • 2021年6月 11日,马来西亚时间 09:30 am – 英国 国内生产总值 (QoQ)(MoM)(YoY)(Q1)
  • 2021年6月 11日,马来西亚时间 09:30 am –英国制造业生产 (MoM)(4 月)
  • 2021年6月 11日,马来西亚时间 09:30 am –英国央行行长贝利发表

 

重新开放美国经济助长通胀和劳动力市场复苏

由于重新开放的经济提振了对旅行相关服务的需求,而全球半导体短缺推高了二手汽车的价格,美国 5 月份消费者价格稳步上涨,导致近 13 年来的最大年度涨幅。周四的其他数据也突显了大流行对经济的放松控制,该数据显示上周新申请失业救济的美国人人数下降至近 15 个月以来的最低水平。 5 月份的通胀驱动因素似乎是暂时的,符合美联储主席杰罗姆鲍威尔反复断言更高的通胀将是暂时的。

因需求前景改善,油价连续第三周上涨

由于投资者消化了不同的需求迹象,本周油价在两年多以来首次突破每桶 70 美元。欧佩克预测,全球需求复苏将在下半年增强,而美国道路和欧洲大部分地区的交通量几乎恢复到病毒爆发前的水平。根据欧佩克周四的一份报告,与上半年相比,2021 年下半年的石油需求将每天增加约 500 万桶,即约 5%。

韩国在经济持续复苏时开始货币政策正常化

一旦经济走上稳健复苏的轨道,韩国银行(BOK)将开始有序地实施宽松的货币政策。韩国央行将继续密切关注全球通胀和主要经济体货币政策变化预期等市场不稳定因素,并承诺在必要时采取稳定市场措施。

资料来源: Bloomberg, Investing.com, Reuters, CNBC