{"id":13406,"date":"2021-05-26T08:51:49","date_gmt":"2021-05-26T08:51:49","guid":{"rendered":"https:\/\/errante.com\/?p=13406"},"modified":"2021-05-26T08:51:50","modified_gmt":"2021-05-26T08:51:50","slug":"gold-is-surging-highest-since-january","status":"publish","type":"post","link":"https:\/\/errante.com\/newsroom\/gold-is-surging-highest-since-january\/","title":{"rendered":"Gold is Surging, Highest Since January"},"content":{"rendered":"\n<p>Gold has been benefiting from the risk-on mood in markets and has surged above the&nbsp;<a href=\"https:\/\/goldprice.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">$1,905<\/a>&nbsp;level&nbsp;at 10.00 GMT +3.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The latest trigger for gold&#8217;s\u00a0upswing\u00a0came from the downbeat US data.\u00a0<a href=\"https:\/\/www.reuters.com\/article\/usa-economy-housing\/u-s-new-home-sales-drop-in-april-march-sales-revised-sharply-lower-idUSL2N2N90EP\" target=\"_blank\" rel=\"noreferrer noopener\">New Home Sales disappointed<\/a>\u00a0with only 863,000 annualized in April while the Conference Board&#8217;s Consumer Confidence Consumer Sentiment measure for May\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-25\/u-s-consumer-confidence-fell-in-may-for-first-time-this-year\" target=\"_blank\" rel=\"noreferrer noopener\">missed estimates by 117.2 points<\/a>.\u00a0\u00a0Consumers in Tuesday\u2019s report said they were less likely to purchase cars, homes, and major appliances in the next six months.\u00a0<\/p>\n\n\n\n<p>Federal Reserve officials have reiterated their message that the US economy has a long way to go and that inflation is transitory. This&nbsp;means the Fed is set to continue injecting markets with $120 billion of newly created cash every month and hold back on raising interest rates.&nbsp;<\/p>\n\n\n\n<p>In other news,\u00a0Japanese government bonds were\u00a0<a href=\"https:\/\/finance.yahoo.com\/news\/jgbs-flat-ahead-auction-draw-064528904.html\" target=\"_blank\" rel=\"noreferrer noopener\">unchanged<\/a>\u00a0on Wednesday, with investors turning cautious ahead of a 40-year bond auction while drawing support from firmness in U.S. peers on easing concerns about inflation.\u00a0<\/p>\n\n\n\n<p>If you have any questions, please email our <a rel=\"noreferrer noopener\" href=\"mailto:educationcentre@errante.com\" target=\"_blank\">Education Centre<\/a>.<\/p>\n\n\n\n<p>If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email&nbsp;<a href=\"mailto:support@errante.com\">support@errante.com<\/a>.<\/p>\n\n\n\n<p>We are&nbsp;<strong>Errante. Trading made personal<\/strong>.<\/p>\n\n\n\n<p>Errante is regulated by the Seychelles Financial Services Authority (FSA) under license number [<a href=\"https:\/\/fsaseychelles.sc\/regulated-entities\/capital-markets\/\" target=\"_blank\" rel=\"noreferrer noopener\">SD038<\/a>].<\/p>\n\n\n\n<p>To find out more about Errante, visit&nbsp;<a href=\"https:\/\/errante.com\/\">https:\/\/errante.com\/<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold has been benefiting from the risk-on mood in markets and has surged above the&nbsp;$1,905&nbsp;level&nbsp;at 10.00 GMT +3.&nbsp;&nbsp; The latest trigger for gold&#8217;s\u00a0upswing\u00a0came from the downbeat US data.\u00a0New Home Sales disappointed\u00a0with only 863,000 annualized in April while the Conference Board&#8217;s Consumer Confidence Consumer Sentiment measure for May\u00a0missed estimates by 117.2 points.\u00a0\u00a0Consumers in Tuesday\u2019s report said [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":13440,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[437,9],"tags":[10446,78,700,10444,10477,10445,80],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.6 (Yoast SEO v22.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gold is Surging, Highest Since January | Errante<\/title>\n<meta name=\"description\" content=\"Gold has been benefiting from the risk-on mood in markets and has surged above the $1,905 level at 10.00 GMT +3.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold is Surging, Highest Since January\" \/>\n<meta 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