Gold price today: Waiting for new direction from important news
Today, gold prices continue to rise slightly, with an increase of $4.7, reaching $2,375.
This uptick is strongly driven by the recent statements of Federal Reserve (Fed) Chairman Jerome Powell during his testimony before Congress. His remarks have fueled expectations of a potential interest rate cut, a crucial factor that is currently supporting the price of this precious metal.
The market is now eagerly awaiting the release of the U.S. Consumer Price Index (CPI) data, scheduled for Thursday. Forecasts suggest a 0.1% increase in inflation compared to the previous month, with annual rates projected at 3.1% and 3.4%, respectively. Additionally, the Producer Price Index (PPI) report will be released on Friday.
Should these reports indicate that inflation is cooling down, gold prices may remain steady or even 3 hours ago Trade active
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Gold price today: Waiting for new direction from important news
Today, gold prices continue to rise slightly, with an increase of $4.7, reaching $2,375.
This uptick is strongly driven by the recent statements of Federal Reserve (Fed) Chairman Jerome Powell during his testimony before Congress. His remarks have fueled expectations of a potential interest rate cut, a crucial factor that is currently supporting the price of this precious metal.
The market is now eagerly awaiting the release of the U.S. Consumer Price Index (CPI) data, scheduled for Thursday. Forecasts suggest a 0.1% increase in inflation compared to the previous month, with annual rates projected at 3.1% and 3.4%, respectively. Additionally, the Producer Price Index (PPI) report will be released on Friday.
Should these reports indicate that inflation is cooling down, gold prices may remain steady or even
3 hours ago
Trade active
（Source from: TV-MarianaaFX）