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Gold Price Forecast: XAU/USD May Be Vulnerable to a Higher US CPI Print


Gold Price Forecast: XAU/USD May Be Vulnerable to a Higher US CPI Print
2021-07-13 02:00:00
Daniel Dubrovsky,
Strategist
Gold, XAU/USD, US CPI, Fed, Technical Analysis - Talking Points:
Gold prices traded flat on Monday as USD fell, Treasury rates rose
All eyes are on US CPI, a higher-than-expected print may sink XAU
The yellow metal is eyeing a key zone of resistance, watch 200-SMA
Anti-fiat gold prices traded relatively flat to start off the trading week, with XAU/USD struggling to extend a bounce that started last month. During the Wall Street trading session, investors pushed the Dow Jones, S&P 500 and Nasdaq 100 to record highs ahead of the second-quarter earnings season amid brewing optimism for rosy results. This also reduced the demand for safer assets, such as Treasuries. ....

Daniel Dubrovsky , Dow Jones , Fund Futures , Technical Analysis , Wall Street , Fed Fund Futures , Simple Moving Averages , Price Forecast , டோ ஜோன்ஸ் , நிதி எதிர்காலங்கள் , தொழில்நுட்ப பகுப்பாய்வு , சுவர் தெரு , ஊட்டி நிதி எதிர்காலங்கள் , ப்ரைஸ் முன்னறிவிப்பு ,