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The US CPI inflation data (August) showed that the US core CPI inflation m-o-m rose 0.30% versus the forecast of 0.20%, thus registering the first increase in six months, whereas the headline CPI inflation y-o-y was up 3.70% as against the forecast of 3.60%
The precious metal turned sharply lower at the end of the week as impressive US PMI data lifted the downtrodden dollar. US GDP data next week likely to provide direction
Gold prices are continuing their bottoming effort.
Gold prices are benefiting from the weaker US Dollar.
Gold prices are slipping as US yields – both nominal and real – rise again.