Current trendXAU/USD is trading in an uptrend at 1784.0. The price of precious metals continued to grow this week, the main reason for which was the correction of the US dollar, which fell from 106,000 points to 105,200 points in the USD index. The driver of the asset's "bearish" trend was the Consumer Price Index statistic, which reflected a drop in the indicator to 8.5% from 9.1%. Now the market is waiting for the rhetoric of the American centr...
• Gold is range-bound between its key levels, as inflation and economic growth worries keep sellers optimistic. • Risk appetite rises as a result of China's convincing reports and Fedspeak during a lackluster day. • Multiple obstacles confront gold purchasers to the north, while the do...
• The price of gold continues its rebound after hitting a three-month low among cautious optimism. • The USD index continues its rebound from a 20-year low despite worse data, which joins Powell's estimate of a 50 basis point rate rise. • The market's somewhat risk-on attitude received ...
