Forex. Gold exchange rate forecast for today.
Gold is now continuing to decline. The first target in the case of confident sales is the area of $ 1813 per ounce.
The US stock market ended trading lower on Tuesday, amid negative dynamics from the technology, consumer services and finance sectors. At the close on the New York Stock Exchange, the Dow Jones fell by 1.51%, the S&P 500 index fell by 1.83%. Gold followed the trading dynamics of liquid American securities.
The rapidly spreading version of the omicron coronavirus is putting pressure on investors. Last week, the S&P 500 index reached a local maximum, after which it sharply declined. Banking metals continued to consolidate in trading ranges.
Meanwhile, financial markets are influenced by the news, and it is likely that the US dollar will continue to strengthen against the background of the difference between the statements of the ECB and the Fed. According to the latest statement from the European Central Bank, inflation peaked in November, so it would be premature to raise interest rates, as price growth is likely to slow down gradually in 2022.
Meanwhile, according to media reports, the head of the Bank of Japan, Haruhiko Kuroda, said that the bank had not discussed the possibility of raising the interest rate. And this is despite the fact that the regulator slightly raised the inflation forecast to 1.1% for the next 2 years, which is still significantly below the 2% target.