Gold Price Struggling to Rebound, Eyes on US Inflation
The gold price is trading in the green at $2,034 at the time of writing. The metal seems determined to hit new highs as the USD turned down.
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The gold price is trading in the green at $2,034 at the time of writing. The metal seems determined to hit new highs as the USD turned down.
The gold price extended its sell-off, trading at $1,908 at the time of writing. The downside pressure is high and it could approach new lows.
The USD/JPY price slumped on Thursday. The pair stands at 150.41, far below yesterday’s high of 151.68. The profit taking triggered downside.
Gold Price Upside Invalidated After Rejection, US CPI in Focus
The gold price is trading in the red, around $2,025 when writing. Yesterday, it registered movements in both directions after the US CPI.