Gold prices (XAU/USD) see a modest increase of 0.30%, trading at $1944.95, influenced by the weakening US Dollar and declining US Treasury bond yields. The market's focus is on the upcoming US Consumer Price Index (CPI) release, with expectations of a slight cooling in inflation rates. Gold traders are also paying attention to upcoming speeches from Federal Reserve officials.
Gold prices ( XAU/USD ) see a modest increase of 0.30%, trading at $1944.95, influenced by the weakening US Dollar and declining US Treasury bond yields. The market's focus is on the upcoming US Consumer Price Index (CPI) release, with expectations of a slight cooling in inflation rates. Gold traders are also paying attention to upcoming speeches from Federal Reserve officials. Gold price encounters some buyers and rises some 0.
30% on Monday, late in the New York session, amidst overall US Dollar (USD) weakness, sponsored by a drop in US Treasury bond yields. Therefore, XAU/USD is trading at $1944.95 after hitting a daily low of $1928.10. XAU/USD gains as market eyes upcoming US inflation data and geopolitical developments. A scarce economic docket in the United States (US), witnessed the majority of traders looking for the release of the Consumer Price Index (CPI) in the US. Before that, a poll from the New York Fed showed that inflation expectations for one year are cooling, while prices in October are expected to drop from 3.7% to 3.3% YoY, revealed forecasts
Gold Prices XAU/USD US Dollar CPI Release Inflation Rates Federal Reserve Officials US Treasury Bond Yields
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