Gold Touches $1,980 mark Ahead of U.S. PPI data, $10+ Volatility Likely During Fundamental News: April 13, 2022

U.S. PPI & Core PPI Data

Today U.S. has scheduled to release PPI, Core PPI data at 1230 GMT/1800 IST. It’s a leading indicator of consumer inflation – when producers charge more for goods and services the higher costs are usually passed on to the consumer. Food and energy prices make up about 40% of overall PPI which tends to mute the importance of the Core data.

Let’s see how Gold has reacted during the previous data release:

March 15:

Feb 15:

Let’s check out key headlines from Russia –Ukraine:

  • Russia has yet to slow a Western arms express into Ukraine.
  • Ukraine President Zelenskyy says this is clear terror against civilian population.
  • Ukraine President Zelenskiy says Ukraine should get ‘EUcandidate’ status.
  • Ukraine President Zelenskyy says instruments need to be found to pressure Russia to stop forcibly deporting Ukrainians.
  • Ukraine President Zelenskyy says sanctions on Russia need to continue, it’s the only instrument that could force Russia to peace.
  • Over 1,000 Ukrainian soldiers surrender in Mariupol, says Russia.
  • US prepares massive new surge of military aid to Ukraine.
  • US likely to announce $750 million new military aid for Ukraine, reports ANI.
  • Putin vows to press invasion until Russia’s goals are met, reports AP.
  • China’s Jan-March overall trade with Russia rises 28% to $38.2 billion, reports Reuters.
  • Biden says Putin trying to ‘wipe out idea of even being Ukrainian’, reports AP.
  • source: Times of india

Technical View:


  • Gold appreciates on Wednesday and touches $1,779 mark in European hours.
  • Today pair made intraday high at $1,979 and low at $1,962 mark.
  • A triple EMA on a day chart and H1 chart suggest up trend for the time being.
  • A sustained close above $1,978 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $1,961 will check further supports.
$1,961 $1,982
$1,956 $1,989
$1,948 $1,994
$1,942 $1,999
$1,936 $2,005


Take a look and do trade wisely!
Good Luck

Share on facebook
Share on linkedin
Share on twitter
Share on telegram
Share on whatsapp
Unleash Powerful Trading Conditions with TP Global.

Recent Posts



Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Mail us

Drop mail at:

Contact us

Call or Whatsapp
+44 7441 416320

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses because of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

TP Global FX Limited is registered and regulated by Vanuatu Finance Service Commission (VFSC) with a registration number 40409.

TP Global Limited is registered and regulated by FINANCIAL SERVICES COMMISSION (FSC) MAURITIUS with a registration number GB21026474

TP Global FX Limited is registered and regulated by Financial Services Commission, Mauritius with a registration number GB21026474

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.

mappin at-sign phone close