In the March 13 session, gold rebounded after Tuesday's decline when the CPI report rose higher than expected. The precious metal traded between $2,156 and $2,159 for most of yesterday before rebounding sharply to end the day at $2,177. Gold's rise was partly supported by the weakening of the USD and US government bond yields.
Today, the market will receive a series of important economic data, including core PPI, retail sales, and US unemployment claims. Currently, gold is falling slightly to $2,173.