XAU price increases sharply when there is CPI index
Updated
The world market gold price continued to increase sharply when the US announced the consumer price index (CPI) showing that the annual inflation rate decreased from 3.7% to 3.2%, lower than the forecast of 3.3%. %.
The core CPI rate (core inflation after deducting energy and food prices) also cooled from 4.1% to 4% - marking the lowest level since September 2021 until now.
This data makes the market expect that the Federal Reserve (US) will no longer raise interest rates and may start cutting interest rates in 2024.
The core CPI rate (core inflation after deducting energy and food prices) also cooled from 4.1% to 4% - marking the lowest level since September 2021 until now.
This data makes the market expect that the Federal Reserve (US) will no longer raise interest rates and may start cutting interest rates in 2024.
Note
SELL XAU 1963 - 1961TP1: 1953
TP2: 1950
Sl: 1973
Note
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