Gold Spot

Gold held steady on Tuesday as market awaits a U.S. Federal Reserve meeting for cues on its monetary policy outlook, while a firmer dollar weighed on the metal’s appeal. The dollar edged up, making gold less alluring for other currency holders, while benchmark U.S. 10-year Treasury yield held close to the 1.570% level.

Technical Resistance: 1778/1787

Technical support: 1766/1756

Market headlines:

  • S. consumer confidence soars to 14-month high; house prices accelerate
  • Biden administration offers $8.25 billion in loans for power grid
  • Japan’s retail sales rise at fastest pace in five months
  • USDMYR traded at 4.1023

Economic data:

  • 28 April 2021 Malaysia time 9:30am – Australia CPI (QoQ)(YoY) (Q1)
  • 28 April 2021 Malaysia time 10:00pm– ECB President Lagarde Speaks
  • 28 April 2021 Malaysia time 10:30pm – United States Crude Oil Inventories

U.S. consumer confidence soars to 14-month high; house prices accelerate

U.S. consumer confidence jumped to a 14-month high in April as increased vaccinations against COVID-19 and additional fiscal stimulus allowed for more services businesses to reopen, boosting demand and hiring by companies. The Conference Board’s consumer confidence index raced to a reading of 121.7 this month. That was the highest level since February 2020, just before the onset of the COVID-19 pandemic, and followed a reading of 109.0 in March. It was the fourth straight monthly increase in the index.

Biden administration offers $8.25 billion in loans for power grid

The U.S. Energy Department said on Tuesday it is offering up to $8.25 billion in loans for companies to boost the power grid as part of the Biden administration’s goal to set the country on a path to 100% clean energy by 2035. Those projects will include high-voltage lines, transmission to connect offshore wind, and facilities sited along rail and highway routes. Up to $3.25 billion will be available from the Western Area Power Administration’s Transmission Infrastructure Program revolving loan program. The federal debt financing program is congressionally mandated to support transmission and related infrastructure projects that facilitate the delivery of clean power in the U.S. West.

Japan’s retail sales rise at fastest pace in five months

Japanese retail sales rose at the fastest pace in five months in March as consumer demand recovered from the huge hit it took from the coronavirus pandemic last year. The world’s third-largest economy has emerged from last year’s slump on an export recovery, though a glacial vaccine rollout and a resurgence in infections are threatening household demand. Retail sales jumped 5.2% in March from a year earlier, government data showed on Wednesday, a larger gain than the median market forecast for a 4.7% rise. That marked the fastest rise since a 6.4% advance in October and the first positive growth in four months.


Source: Bloomberg, Investing.com, Reuters, CNBC






技术支持 :1766/1756


  • 美国消费者信心飙升至14个月高位;房价加速
  • 拜登政府向电网提供5亿美元贷款
  • 日本的零售销售以五个月来最快的速度增长
  • 美元兑马币交易 RM 4.1023



  • 2021年4月28日,马来西亚时间 9:30 am – 澳大利亚消费者价格指数(QoQ)(YoY)(Q1)
  • 2021年4月28日,马来西亚时间 10:00 pm – 欧洲央行行长拉加德发表
  • 2021年4月28日,马来西亚时间 10:30 pm – 美国原油库存









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