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. 

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Gold bears look to $1,758, ECB PEPP verdict in focus

Gold

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.

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Gold bears look to $1,758, ECB PEPP verdict in focus via @goldsilverrepor