Gold Price Forecast: XAUUSD to suffer a sell-of on weak US CPI data Gold XAUUSD CPI UnitedStates
“Monthly US CPI is seen rising to 0.6% while the annualized inflation rate is seen softening to 8.0%. The Core CPIs are likely to ease across the time horizon, suggesting signs of peak inflation. The US Dollar could come under additional selling pressure on a softer print, as it would mean that the US Federal Reserve could opt for a smaller rate hike in December.”
“On the downside, the $1,700 mark could offer strong support, below which a sharp drop toward the 50DMA at $1,674 cannot be ruled out. Ahead of that, the previous week’s high at $1,683 could come to the rescue of bulls.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gold Price Forecast: Gold Reversal Attempts Breakout of 2022 DowntrendGold is attempting to breakout of the yearly downtrend with XAU/USD rallying nearly 2% this week. Battle lines drawn- levels that matter on the weekly technical chart.
Weiterlesen »
Gold Price Forecast: XAUUSD's appeal to deplete on higher yields – SocGenThe precious metals sector fell 1.7% over the month, with Gold and Silver going in opposite directions. Strategists at Société Générale note that high
Weiterlesen »
Gold Price Forecast: XAUUSD’s latest upswing lacks one important fundament support – CommerzbankGold price climbed to $1,680 following the publication of US labour market data on Friday. As strategists at Commerzbank note, a weaker US Dollar push
Weiterlesen »
Gold Price Forecast: XAUUSD trades with modest losses, downside seems cushionedGold edges lower on Wednesday and reverses a part of the previous day's breakout rally to a more than one-month high. The XAUUSD remains on the defens
Weiterlesen »
Gold Price Forecast: XAUUSD probes the 100-day EMA as buyers' eye $1735Gold price is trading in the red, unable to crack the key resistance level at around $1716, while US Treasury yields edge higher, underpinning the Ame
Weiterlesen »
Gold Price Forecast: XAUUSD plummets on soft US Treasury auctionGold is under pressure following, dropping at the turn of the past hour after a spike to the day's highs, trapping breakout traders long when the US t
Weiterlesen »