XAU price rose to a record high even though it was at its peak
Updated
Gold prices are seeing new buying momentum as consumer prices cooled more than expected in May, which, according to some economists, could create an opportunity for the US Federal Reserve (FED) to reduce interest rates. in this year.
The US Bureau of Labor Statistics said on Wednesday that the consumer price index (CPI) was unchanged last month after rising 0.3% in April. The latest inflation data was weaker than expected due to the Economists predict a 0.1% increase.
The US Bureau of Labor Statistics said on Wednesday that the consumer price index (CPI) was unchanged last month after rising 0.3% in April. The latest inflation data was weaker than expected due to the Economists predict a 0.1% increase.
Note
BUY XAU 2312TP1: 2319
TP2: 2325
SL: 2304
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