Inflation record. Gold and silver prices rebound strongly

The prices of the two most popular are rising precious metals. Today we pay around $ 1,820 for an ounce of gold, after an increase by nearly 1 percent. on Monday. In total, from January 28, gold seems to have increased by almost 2,5 percent.

Silver yesterday's price went up by almost 2,5%, reaching the price above USD 23 per ounce, which translates into a 5% increase in prices compared to last week.

Bonds and gold go hand in hand this time

A likely catalyst for increases in the prices of precious metals may be the growing concerns about rising price pressure in the US economy. Fear of inflation may have prompted investors to look for capital security.

Interestingly, the rises in gold prices were not interrupted by the rise in yields on 10-year US bonds to 1,94 percent. Increasing yields on US treasury bonds may, in turn, be a consequence of the surprisingly strong employment report from the US, which was released on Friday. The data showed that employment in the non-agricultural sector increased by 467 in January. jobs, beating expectations and pointing to the limited impact of the omicron variant on the US labor market.

40-year inflation record

Investors are now waiting for the January consumer price index, which may increase by 7,3%. compared to the previous year, which would be the biggest jump in the US since 1982. If such a reading actually took place, it could strengthen speculation about the March increase interest rates by 50 basis points by the Federal Reserve. According to the federal funds rate contracts, investors currently assume such a scenario with a probability of nearly 30%.