GOLD VIEW ON CPI
Gold fluctuated around $2,690 per ounce on Wednesday, halting a two-day rally, as investors repositioned ahead of key US inflation data due later in the day. This data is crucial, as it could either strengthen or weaken the likelihood of a third Federal Reserve rate cut next week. A rate cut would support gold by lowering the opportunity cost of holding non-yielding assets. Despite the pause, gold remained near two-week highs, underpinned by expectations of loose monetary policies from other major central banks and increased demand for safe-haven assets.
Recent News
Gold Price Lingers Near One-Month Low as...
November 12, 2024
Market Insights
US30 Eyes Further Upside with Strong Sup...
July 01, 2025
Market Insights
US30 Forms Bearish Pennant Below Key Sup...
July 16, 2025
Market Insights
Dow Jones Crashes Below Key Support Afte...
April 07, 2025
Market Insights
AUDUSD fall in a Channel.
November 15, 2024
Market Insights
Dow Jones Signals Bullish Momentum Suppo...
June 26, 2025
Market Insights
