{"id":125116,"date":"2024-06-19T09:57:14","date_gmt":"2024-06-19T09:57:14","guid":{"rendered":"https:\/\/kinesis.money\/?p=125116"},"modified":"2024-06-19T09:57:14","modified_gmt":"2024-06-19T09:57:14","slug":"gold-treads-water-central-bank-support","status":"publish","type":"post","link":"https:\/\/kinesis.money\/pt-br\/market-analysis\/gold-news\/gold-treads-water-central-bank-support\/","title":{"rendered":"Gold Price News: Gold Treads Water as Central Banks Signal Support"},"content":{"rendered":"\n

After an initial early surge in Monday trading, gold has become somewhat rangebound in more recent trading, largely confined to $2310-$2330\/toz<\/a>. The 50-day simple moving average is now in decline, moving below $2344\/toz. Today\u2019s early trading sees gold at $2330\/toz.<\/p>\n\n\n\n

\"\"
KAU\/USD 1-hourly Kinesis Exchange <\/figcaption><\/figure>\n\n\n\n

Incoming economic data pertinent to gold has been mixed; while US Retail Sales for May disappointed, US Industrial Production for the same month was stronger. Meanwhile, the Euro Zone\u2019s ZEW Economic Sentiment Index for June significantly exceeded expectations, despite weakness in Germany. However, this was largely driven by future expectations, with the current conditions component stalling at recessionary levels.<\/p>\n\n\n\n

After Friday\u2019s big move, US interest rate indicators have been relatively stable thus far this week. Both 2-Year and 10-Year US Treasuries Yields are trading marginally lower around 11-week lows, while the US Dollar is flat, despite political risk arising from upcoming French parliamentary elections. Fed fund futures also remain stable, pricing in a high probability of two rate cuts in 2024 vs. one in the Fed\u2019s \u2018dot plot\u2019. This is both gold and silver supportive.<\/p>\n\n\n\n

More significantly, the 2024 Central Bank Gold Reserves Survey (CBGR) just published by the World Gold Council, suggests that central banks\u2019 support of gold is set to continue, despite China\u2019s May pause. On a 12-month horizon, 29% of respondents expected to purchase gold, while 81% expected t gold reserves to rise. Over the medium term, the CBGR revealed that 62% of respondents thought US dollars would be a smaller proportion of reserves in five years\u2019 time, while 69% thought the corresponding share of gold would increase.<\/p>\n\n\n\n

Upcoming events in the market calendar includes UK May inflation data and Bank of Canada minutes later today and a Bank of England UK interest rate decision and US Initial Jobless Claims on Thursday.<\/p>\n\n\n\t\t\t

\n\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t

Mike is a market strategist and media commentator with 30 years of experience analysing precious metals markets.\u00a0\u00a0\u00a0He developed his expertise working as an investment banker in emerging markets such as South Africa, Russia and Chile. His focus on precious metals was extended through subsequent work within private wealth management and his own research consultancy.\u00a0\u00a0\u00a0During this time, he covered the gold, silver, platinum and palladium markets.<\/em><\/p>\n

This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.<\/em><\/p>\n

Read our Editorial Guidelines\u00a0here.<\/a><\/em><\/p>\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t","protected":false},"excerpt":{"rendered":"

After an initial early surge in Monday trading, gold has become somewhat rangebound in more recent trading, largely confined to $2310-$2330\/toz.<\/p>\n","protected":false},"author":51,"featured_media":125143,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[215,204],"tags":[],"class_list":["post-125116","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gold-news","category-market-analysis"],"acf":[],"yoast_head":"\nGold Treads Water as Central Banks Signal Support | Kinesis<\/title>\n<meta name=\"description\" content=\"Discover Kinesis' gold news analysis for today, Wednesday 19th of June 2024, from leading precious metals analyst Mike Ingram.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"pt_BR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Treads Water as Central Banks Signal Support\" \/>\n<meta property=\"og:description\" content=\"Discover Kinesis' gold news analysis for today, Wednesday 19th of June 2024, from leading precious metals analyst Mike Ingram.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kinesis.money\/market-analysis\/gold-treads-water-central-bank-support\/\" \/>\n<meta property=\"og:site_name\" content=\"Kinesis\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-19T09:57:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/gold-news-feature-image-gold-treads-water-as-central-banks-signal-support.png\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"529\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mike Ingram\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Gold Price News: Gold Treads Water as Central Banks Signal Support\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mike Ingram\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. tempo de leitura\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-treads-water-central-bank-support\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-treads-water-central-bank-support\\\/\"},\"author\":{\"name\":\"Mike Ingram\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/589c930415cb13add9bd2be349d91f61\"},\"headline\":\"Gold Price News: Gold Treads Water as Central Banks Signal Support\",\"datePublished\":\"2024-06-19T09:57:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-treads-water-central-bank-support\\\/\"},\"wordCount\":311,\"image\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-treads-water-central-bank-support\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/gold-news-feature-image-gold-treads-water-as-central-banks-signal-support.png\",\"articleSection\":[\"Gold News\",\"An\u00e1lisis de mercado\"],\"inLanguage\":\"pt-BR\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-treads-water-central-bank-support\\\/\",\"url\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-treads-water-central-bank-support\\\/\",\"name\":\"Gold Treads Water as Central Banks Signal Support | Kinesis\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-treads-water-central-bank-support\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-treads-water-central-bank-support\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/gold-news-feature-image-gold-treads-water-as-central-banks-signal-support.png\",\"datePublished\":\"2024-06-19T09:57:14+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/589c930415cb13add9bd2be349d91f61\"},\"description\":\"Discover Kinesis' gold news analysis for today, Wednesday 19th of June 2024, from leading precious metals analyst Mike Ingram.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-treads-water-central-bank-support\\\/#breadcrumb\"},\"inLanguage\":\"pt-BR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-treads-water-central-bank-support\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"pt-BR\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-treads-water-central-bank-support\\\/#primaryimage\",\"url\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/gold-news-feature-image-gold-treads-water-as-central-banks-signal-support.png\",\"contentUrl\":\"https:\\\/\\\/kinesis.money\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/gold-news-feature-image-gold-treads-water-as-central-banks-signal-support.png\",\"width\":960,\"height\":529},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/market-analysis\\\/gold-treads-water-central-bank-support\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/kinesis.money\\\/pt-br\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gold Price News: Gold Treads Water as Central Banks Signal Support\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#website\",\"url\":\"https:\\\/\\\/kinesis.money\\\/\",\"name\":\"Kinesis\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/kinesis.money\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"pt-BR\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/kinesis.money\\\/#\\\/schema\\\/person\\\/589c930415cb13add9bd2be349d91f61\",\"name\":\"Mike Ingram\",\"description\":\"Mike is a market strategist and media commentator with 30 years of experience analysing precious metals markets. He developed his expertise working as an investment banker in emerging markets such as South Africa, Russia and Chile. His focus on precious metals was extended through subsequent work within private wealth management and his own research consultancy. During this time, he covered the gold, silver, platinum and palladium markets as well as companies such as Harmony Gold, Polymetal International, Goldfields Anglo-American, Anglo-American Platinum, Impala Platinum, AngloGold, Lonmin, Gencor, Polyus Gold, Norilsk Nickel, KGHM, Fresnillo and Codelco. His work today focuses on precious metals through a multi-asset investment framework, blending company and economic analysis. Mike is a regular contributor across a range of high-profile media outlets, including Bloomberg, Reuters, BBC, CNBC, CBS, ABC, The Financial Times, Investor\u2019s Chronicle, Portfolio Advisor, Citywire and The Wall Street Journal. He has made notable guest appearances on the BBC, Channel 4, Reuters, Bloomberg, CNBC, Sky TV, ABC, CBS, Fox Business, Al Jazeera, AP, NTV, France 24, TRTs, and ZDF.\",\"url\":\"https:\\\/\\\/kinesis.money\\\/pt-br\\\/author\\\/mikeingram\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Gold Treads Water as Central Banks Signal Support | Kinesis","description":"Discover Kinesis' gold news analysis for today, Wednesday 19th of June 2024, from leading precious metals analyst Mike Ingram.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"pt_BR","og_type":"article","og_title":"Gold Treads Water as Central Banks Signal Support","og_description":"Discover Kinesis' gold news analysis for today, Wednesday 19th of June 2024, from leading precious metals analyst Mike Ingram.","og_url":"https:\/\/kinesis.money\/market-analysis\/gold-treads-water-central-bank-support\/","og_site_name":"Kinesis","article_published_time":"2024-06-19T09:57:14+00:00","og_image":[{"width":960,"height":529,"url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/gold-news-feature-image-gold-treads-water-as-central-banks-signal-support.png","type":"image\/png"}],"author":"Mike Ingram","twitter_card":"summary_large_image","twitter_title":"Gold Price News: Gold Treads Water as Central Banks Signal Support","twitter_misc":{"Escrito por":"Mike Ingram","Est. tempo de leitura":"3 minutos"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/kinesis.money\/market-analysis\/gold-treads-water-central-bank-support\/#article","isPartOf":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-treads-water-central-bank-support\/"},"author":{"name":"Mike Ingram","@id":"https:\/\/kinesis.money\/#\/schema\/person\/589c930415cb13add9bd2be349d91f61"},"headline":"Gold Price News: Gold Treads Water as Central Banks Signal Support","datePublished":"2024-06-19T09:57:14+00:00","mainEntityOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-treads-water-central-bank-support\/"},"wordCount":311,"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-treads-water-central-bank-support\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/gold-news-feature-image-gold-treads-water-as-central-banks-signal-support.png","articleSection":["Gold News","An\u00e1lisis de mercado"],"inLanguage":"pt-BR","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/kinesis.money\/#organization"}},{"@type":"WebPage","@id":"https:\/\/kinesis.money\/market-analysis\/gold-treads-water-central-bank-support\/","url":"https:\/\/kinesis.money\/market-analysis\/gold-treads-water-central-bank-support\/","name":"Gold Treads Water as Central Banks Signal Support | Kinesis","isPartOf":{"@id":"https:\/\/kinesis.money\/#website"},"primaryImageOfPage":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-treads-water-central-bank-support\/#primaryimage"},"image":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-treads-water-central-bank-support\/#primaryimage"},"thumbnailUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/gold-news-feature-image-gold-treads-water-as-central-banks-signal-support.png","datePublished":"2024-06-19T09:57:14+00:00","author":{"@id":"https:\/\/kinesis.money\/#\/schema\/person\/589c930415cb13add9bd2be349d91f61"},"description":"Discover Kinesis' gold news analysis for today, Wednesday 19th of June 2024, from leading precious metals analyst Mike Ingram.","breadcrumb":{"@id":"https:\/\/kinesis.money\/market-analysis\/gold-treads-water-central-bank-support\/#breadcrumb"},"inLanguage":"pt-BR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/kinesis.money\/market-analysis\/gold-treads-water-central-bank-support\/"]}]},{"@type":"ImageObject","inLanguage":"pt-BR","@id":"https:\/\/kinesis.money\/market-analysis\/gold-treads-water-central-bank-support\/#primaryimage","url":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/gold-news-feature-image-gold-treads-water-as-central-banks-signal-support.png","contentUrl":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/gold-news-feature-image-gold-treads-water-as-central-banks-signal-support.png","width":960,"height":529},{"@type":"BreadcrumbList","@id":"https:\/\/kinesis.money\/market-analysis\/gold-treads-water-central-bank-support\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/kinesis.money\/pt-br\/"},{"@type":"ListItem","position":2,"name":"Gold Price News: Gold Treads Water as Central Banks Signal Support"}]},{"@type":"WebSite","@id":"https:\/\/kinesis.money\/#website","url":"https:\/\/kinesis.money\/","name":"Kinesis","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/kinesis.money\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"pt-BR"},{"@type":"Person","@id":"https:\/\/kinesis.money\/#\/schema\/person\/589c930415cb13add9bd2be349d91f61","name":"Mike Ingram","description":"Mike is a market strategist and media commentator with 30 years of experience analysing precious metals markets. He developed his expertise working as an investment banker in emerging markets such as South Africa, Russia and Chile. His focus on precious metals was extended through subsequent work within private wealth management and his own research consultancy. During this time, he covered the gold, silver, platinum and palladium markets as well as companies such as Harmony Gold, Polymetal International, Goldfields Anglo-American, Anglo-American Platinum, Impala Platinum, AngloGold, Lonmin, Gencor, Polyus Gold, Norilsk Nickel, KGHM, Fresnillo and Codelco. His work today focuses on precious metals through a multi-asset investment framework, blending company and economic analysis. Mike is a regular contributor across a range of high-profile media outlets, including Bloomberg, Reuters, BBC, CNBC, CBS, ABC, The Financial Times, Investor\u2019s Chronicle, Portfolio Advisor, Citywire and The Wall Street Journal. He has made notable guest appearances on the BBC, Channel 4, Reuters, Bloomberg, CNBC, Sky TV, ABC, CBS, Fox Business, Al Jazeera, AP, NTV, France 24, TRTs, and ZDF.","url":"https:\/\/kinesis.money\/pt-br\/author\/mikeingram\/"}]}},"post_thumbnails":{"large":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/gold-news-feature-image-gold-treads-water-as-central-banks-signal-support.png","small":"https:\/\/kinesis.money\/wp-content\/uploads\/2024\/06\/gold-square-sunshine2-wed.jpg"},"_links":{"self":[{"href":"https:\/\/kinesis.money\/pt-br\/wp-json\/wp\/v2\/posts\/125116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kinesis.money\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kinesis.money\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kinesis.money\/pt-br\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/kinesis.money\/pt-br\/wp-json\/wp\/v2\/comments?post=125116"}],"version-history":[{"count":0,"href":"https:\/\/kinesis.money\/pt-br\/wp-json\/wp\/v2\/posts\/125116\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kinesis.money\/pt-br\/wp-json\/wp\/v2\/media\/125143"}],"wp:attachment":[{"href":"https:\/\/kinesis.money\/pt-br\/wp-json\/wp\/v2\/media?parent=125116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kinesis.money\/pt-br\/wp-json\/wp\/v2\/categories?post=125116"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kinesis.money\/pt-br\/wp-json\/wp\/v2\/tags?post=125116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}