Gold decreased from the maximum value of the week

At the moment, strong resistance is at level 1876 dollars per ounce. Yesterday, sales were seen yesterday at the European session, but they were speculative, until there are no strong signals for the turn of the bank metal. It is likely that during the week market participants will buy a protective asset against the background of an excessive level of inflation.

The US stock market has completed Tuesday’s bid with growth due to strengthening the technologies, raw materials and consumer goods sectors. At the time of closing on New York The Dow Jones Stock Exchange rose by 1.22%, the S & P 500 index rose by 1.58%.

Meanwhile, the People’s Bank of China reported that she retains a loan rate for a period of 300 billion yuan ($ 47.19 billion) for some financial institutions at 2.85%.

Today in the US will be inflationary indicators and the volume of industrial production. The market carefully monitulates inflation data in the United States, as they are key to adoption by the Federal Reserve System (Fed) decisions regarding the further direction of monetary policy.