Gold Price Forecast: XAU/USD drops below $1670 on a buoyant US dollar, risk-off impulse – by christianborjon Gold XAUUSD Metals Macroeconomics Fed
. The next day, traders’ focus will shift to US inflation figures, namely the CPI and unemployment claims. To close the week, US Retail Sales, alongside the University of Michigan Consumer Sentiment, are widely expected.Gold is sliding below the 20-day EMA after failing to crack the 50-day EMA on October 4 and 5. Since then, the yellow metal price has tumbled, accelerating its free-fall, to re-test the $1650 figure. Once cleared, it could pave the way towards the YTD low at $1614.
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