China’s consumer prices rose 5.3 percent in April. Today’s data showed that the Chinese government has made every effort to deal with the growth of the inflation rate, but so far it has not achieved any results.
Gold prices for immediate delivery in June in the United States rose 0.5 percent to $1,524 and 40 cents per ounce, and traded at $1,523 and 43 cents per ounce in the Singapore market, according to the gold website, citing Bloomberg. became.
Although the price of silver fell by 27% last week, this week it was accompanied by a growth of 2.2% and was traded today at the rate of 39 dollars and 33 cents per ounce.
According to this report, China’s consumer prices grew by 5.3 percent in April. Today’s data showed that the Chinese government has made every effort to deal with the growth of the inflation rate, but so far it has not achieved any results.
In a survey conducted by 30 Bloomberg economists, they predicted that the inflation rate growth in March would be 5.2 percent, but after some time, the statistics showed a 5.4 percent growth in the inflation rate in this country.
Tala site report adds, one of the commodity market analysts said: The Chinese government is doing its best to deal with the growth of the inflation rate and the increase in the price of basic goods and housing, but soon this problem will spread to the whole country of China and this issue can be a sign of the sick economy of this country.
He added: On the other hand, the weakness of the dollar is another concern of the global market, and this also contributes to the growth of the inflation rate.
Based on this report, according to the information of the Deutsche Bank, the price of gold reached a record of 1,577 dollars and 57 cents per ounce on May 2, and they predicted that the price of gold will reach 2,000 dollars per ounce by June. Receipt.
The downgrade of Greece’s credit rating this month is indicative of the region’s debt crisis, which has fueled demand for precious metals.
In the last six weeks, the value of the dollar fell by 0.4% against other major currencies, but this week, the rate of this currency has grown by 2.6% against other currencies.
Notably, palladium for immediate delivery in June was up 0.5% at $733.75 an ounce, while platinum was up 0.3% at $1,801.70 an ounce.
Silver in the Singapore market was traded at the lowest level at the rate of 39 dollars and 25 cents and at the highest level at the price of 39 dollars and 37 cents per ounce.
In a survey conducted by 30 Bloomberg economists, they predicted that the inflation rate growth in March would be 5.2 percent, but after some time, the statistics showed a 5.4 percent growth in the inflation rate in this country.
He added: On the other hand, the weakness of the dollar is another concern of the global market, and this also contributes to the growth of the inflation rate.
The downgrade of Greece’s credit rating this month is indicative of the region’s debt crisis, which has fueled demand for precious metals.
In the last six weeks, the value of the dollar fell by 0.4% against other major currencies, but this week, the rate of this currency has grown by 2.6% against other currencies.
Silver in the Singapore market was traded at the lowest level at the rate of 39 dollars and 25 cents and at the highest level at the price of 39 dollars and 37 cents per ounce.
