Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.
Japanese Tokyo CPI inflation rises to 2.2% from 1.8%
Source Fxstreet
Japan's Tokyo Consumer Price Index (CPI) inflation rose to 2.2% YoY in May, climbing from the previous 1.8%. May's CPI inflation in Tokyo rebounded from April's 1.8%, a 26-month low.
more to come...
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Gold price (XAU/USD) opens over 1% lower to near $4,445.00 on Monday, as oil prices have rallied further on fears of further widening of conflicts in the Middle East. WTI Oil price is up almost 3% above $102.50 in the opening trade, increasing fears of higher inflation expectations globally.
Silver price (XAG/USD) continues to lose ground after registering tiny losses in the previous day, trading around $72.90 during the Asian hours on Thursday. The safe-haven demand for the precious metal fades amid rising optimism over Middle East peace.
Gold (XAU/USD) witnessed an intraday turnaround from the $4,800 mark, or a fresh two-week high set earlier this Thursday, and for now, seems to have snapped a four-day winning streak amid resurgent US Dollar (USD) demand.