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
Tech Index Eyes Breakout Bullish Flag Fo...
March 10, 2025
Market Insights
DOW JONES making a bullish flag near to...
July 02, 2025
Market Insights
Inverted Head & Shoulders in Gold signal...
July 04, 2025
Market Insights
Dow Jones Industrial Average waffles aft...
December 12, 2024
Live Charts
DOW JONES making a Wedge pattern on 1HR...
September 26, 2025
Market Insights
NASDAQ trading in a Channel
February 11, 2025
Market Insights
