Gold prices are currently in flux thanks to the US Dollar, global trade uncertainties, and geopolitics. A softer-than-expected US PPI release caused a temporary jump in Gold prices. The upcoming US CPI release is a key event that could trigger a significant move in Gold prices. Gold prices continue to sway back and forth as […]
The post Gold (XAU/USD) Price Tug-of-War Continues. Breakout Incoming? appeared first on Action Forex.
Markets US president-elect Trump so far didn’t push back against rumours that any possible tariffs would be gradually installed. European stock markets lost some intraday momentum but still managed a 0.5% positive close. The bear Read more…
In focus today From the US, we get the most important data release of the day: December CPI. We forecast headline CPI at +0.3% m/m SA (2.8% y/y) and Core CPI at +0.2% m/m SA Read more…
Key Highlights WTI Crude Oil prices started a fresh increase above the $73.50 resistance zone. A connecting bullish trend line is forming with support at $75.35 on the 4-hour chart. Gold prices started a consolidation Read more…