Gold shows signs of a recovery
At the end of June the increase in consumer prices slowed to 3% year-on-year from 4% in the previous month, with forecasts expecting 3.2%. Core inflation also fell to 4.8% after sitting at 5.3% in May and against a forecast of 5%. The sharper-than-expected drop in inflation decreases the likelihood of the Federal Reserve raising interest rates, which leads to a weaker dollar and facilitates a rise in gold's price.
Why trade with Libertex?
- Get access to a demo account free of charge
- Receive live technical assistance 5 days a week, 24 hours a day
- Enjoy leverage of up to 1:500
- Use a platform for any device: Libertex and MetaTrader 4 and 5
- Pay zero commission on withdrawals in Latin America
- Benefit from up to $500 protection on your first trades with Negative Trade Protection
Experience the excitement of trading!
Try our risk-free demo account