鏑木 高明 『週刊 金相場展望』 2023年2月20日号
Kobayashi Takashi, the President and CEO of Investment Diary Co., Ltd., and a renowned expert in cycle analysis, writes a weekly report on the outlook for gold prices.
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Last week's New York gold price (front-month) closed at 1,850.20 per ounce, down 23.30 from the prior week. The price tended to drift lower through most of the week, with a high of 1,881.00 reached on the 14th when US CPI data was released, and a low of 1,827.70 on Friday the 17th. The CPI growth slowed for the seventh consecutive month to 6.4%, the lowest in 1 year and 3 months since October 2021, but exceeded market expectations of 6.2%, fueling expectations of prolonged rate hikes and lending support to the dollar while pressuring gold.
This followed the momentum from the strong employment report released three days earlier, reminding markets of persistent inflation. The 10-year note yield rose to as high as 3.9%, its highest in about three months.
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【Takashi Kobayashi – Profile】
Graduated from Kansai Gakuin University, Faculty of Economics. In 1995, partnered with the world-renowned U.S. market analyst Raymond Merriman to issue the domestic first market cycle and astrology reports. Highly regarded for cycle and astrology-based market analysis. President and CEO of Investment Diary Co., Ltd.; President of Investment Diary Publishing Co., Ltd.; Director of Wakabayashi FX Associates, Ltd.; member of the Japanese Technical Analysts Association; editor-in-chief of Investment Diary α.
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