XAU dropped sharply in the first trading session of the week
The slight decrease in gold prices may be a short-term correction after a series of recoveries since the beginning of the year. US PCE data showed a 0.3% rise in April, showing signs of stabilizing inflation in 2024, with core inflation rising 2.7% in the 12 months to March.
Expectations for the Fed to cut interest rates from September 2024 have decreased as April inflation was unchanged from the previous month and still far from the 2% target.
World gold prices tend to decrease compared to last week's closing level. However, the latest Kitco News Gold Survey results show that both experts and retail investors maintain optimism about gold's prospects in the short term.
Expectations for the Fed to cut interest rates from September 2024 have decreased as April inflation was unchanged from the previous month and still far from the 2% target.
World gold prices tend to decrease compared to last week's closing level. However, the latest Kitco News Gold Survey results show that both experts and retail investors maintain optimism about gold's prospects in the short term.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.