After experiencing a decline, the price of gold rebounds and breaks its three-day losing streak in the Asian trading session on Thursday. Currently, XAU/USD is trading around 1918, showing a 0.22% increase for the day. Traders in the gold market will closely monitor the release of the US Consumer Price Index (CPI) later today during the American session. It is anticipated that inflation will rise from 3% to 3.3%, while core inflation is expected to remain at 4.8%.
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Gold's work is gradually going rightTrade active
SELL 1930-1933SL 1935
TP 1925
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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.