Data prints coming out of the US may fuel the recent advance in the price of gold as the Fed’s preferred gauge for inflation is expected to increase for the sixth consecutive month. Get your weekly gold forecast from DavidJSong here:
as it extends the advance from the monthly low , and fresh data prints coming out of the US may fuel the recent advance in the precious metal as the Federal Reserve’s preferred gauge for inflation is expected to increase for the sixth consecutive month.The price of gold appears to be on track to retrace the decline from the yearly high as it breaks out of the range bound price action following the
, and the update to the US Personal Consumption Expenditure Price Index may prop up the precious metal as the reading core reading is expected to increase to 5.5% from 5.2% per annum in January.
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