Gold is trading near 4,322 USD per ounce on Friday after falling by almost 2% in the previous session. Investors are now awaiting US consumer inflation data, which could further strengthen expectations of a Federal Reserve rate hike as early as next week. US producer price data released on Thursday showed that inflationary pressures intensified […]
The post Gold Falls as Inflation Fears and High Oil Prices Weigh on the Precious Metal appeared first on ActionForex.
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Summer sunshine is great, but if Read more…
The ECB raised interest rates and struck an optimistic tone, but this proved insufficient to bolster the EURUSD. Accelerating inflation in the US is reinforcing confidence that the Fed will raise rates. The ECB’s rate Read more…
No change in EUR/USD’s outlook and intraday bias remains neutral. On the downside, sustained break of 55 D EMA (now at 1.1564) will argue that rebound from 1.1323 has completed as a three wave corrective Read more…