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Gold Weekly Report: Next Week Eyes on US CPI Data | Gold Silver Reports
Consumer Price Index (CPI): The first high-impact data release of the week will be Tuesday’s CPI report from the US. Cleveland Federal Reserve Bank President Loretta Mester said on Friday that she sees upside risks to the inflation forecast and voiced her support for tapering to start before the end of the year. On a similar note, Atlanta Federal Reserve President Raphael Bostic noted that it would be appropriate to taper sometime this year.
Spot Gold Holds Near $1,790, Upside Seems Limited | Neal Bhai
Spot Gold traded with a mild positive bias through the mid-European session, albeit continued with its struggle to find acceptance or build on the momentum beyond the $1,790 round-figure mark.
Gold bears look to $1,758, ECB PEPP verdict in focus
Gold justifies the technical breakdown amid sour sentiment during early Thursday. That said, the yellow metal holds lower ground near $1,790, the lowest in two weeks by the press time. Fed tapering woes, virus-led economic fears and stimulus chatters keep bears hopeful.
Gold Retreats From Near Seven-Week High as Dollar Rebounds
Gold edged back from near a seven-week high as the dollar rebounded from the low that followed Friday’s poor U.S. jobs report, which diminished concerns the Federal Reserve would taper bond buying soon.
Gold Price Forecast: Gold Above $1817 for further upside, US ADP, ISM in focus
Gold Price Forecast: enjoyed good two-way businesses on Tuesday, initially rising as high as $1819 after the US dollar index reached a fresh four-week low amid the extension of Fed Chair Jerome Powell’s led bearish momentum.
Gold Price Forecast: Expected Gold Test $1830 Amid Golden Cross
Gold Price Forecast: Gold price set the stage on fire last Friday, as it climbed to the highest levels since early August at $1819 before easing slightly to finish the week at $1817.