Gold Forecast: Disappointing US CPI to revive XAU/USD's bullish momentum
May 12, 2021 10:26 GMTFXStreet News Gold bears are testing the commitments of the bulls. Gold Weekly Forecast: XAU/USD could target 200-day SMA $1,800 is in focus as a 61.8% Fibo on the downside. Commodity prices hit all-time highs – What’s next? [Video] Update: Gold prices lose a part of the previous day gains, backed by the emergence of constructive bids against the US dollar. The rising Middle-East escalation and inflationary anxiety spooked the market participants. US Treasury yields remain elevated at 1.62% ahead of the US Consumer Price Index (CPI) data. US inflation expe...