Spot Gold is little changed on Thursday, trading around its daily opening in the $2,340 price zone.
XAU/USD Current price: $2,347.35 A bunch of dismal United States macroeconomic data hit the Greenback. The focus shifts to the US Personal Consumption Expenditures Price Index. XAU/USD under modest selling pressure but not far from its weekly high. XAU/USD extended its weekly slide to $2,322.50 during Asian trading hours, grinding higher afterwards amid a slight improvement in the market’s sentiment. The advance extended up to $2,351.72 with the release of dismal United States data.
54%, down 7 basis points , while the 2-year note yields 4.92%, shedding 5 bps. Market participants are now waiting for fresh US inflation data, which will be released on Friday. The country will publish the April Personal Consumption Expenditures Price Index, which is foreseen at 2.7% YoY, matching March figures. The core annual reading is also expected to remain unchanged at 2.8%. XAU/USD short-term technical outlook XAU/USD is weak, according to technical readings in the daily chart.
XAUUSD Recommended Inflation Growth
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