Powered by
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
Powered by
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B

Gold price extends corrective slide from over two-week top; focus remains on US CPI report

admin
admin

admin

Full Bio

admin

Share

Gold prices continue to retreat from their recent highs, maintaining a downward trajectory as traders await the latest U.S. consumer price index (CPI) data. The precious metal had reached a two-week peak earlier this week, but the rally was short-lived, giving way to the current correction. The focus is now on the U.S. CPI, which will offer critical insights into inflationary pressures and could influence the Federal Reserve’s next moves on interest rates.

As the market braces for the CPI report, the outlook for gold remains tied to inflation trends and broader economic conditions. A higher-than-expected CPI print could intensify concerns about rising inflation, potentially boosting gold’s appeal as a hedge. On the other hand, a softer CPI report may reinforce expectations that inflation is under control, which could weigh on demand for gold as an inflationary safe haven.

Gold US Dollar Daily Chart as of December 11, 2024 (Source: FXStreet)

Analysts suggest that the immediate direction for gold will largely depend on the U.S. data, with any surprise readings likely to trigger a fresh market reaction. Despite recent declines, the longer-term outlook for gold remains bullish, supported by global economic uncertainty and central bank policies that continue to favor lower real interest rates.

In the coming days, gold traders will closely monitor U.S. economic indicators, particularly the CPI, to gauge the next phase of the market’s sentiment. Should the data reflect persistent inflation, the precious metal could see renewed upward momentum as investors seek stability in a volatile economic environment.

Subscribe to our Newsletter

Every week, we’ll send you the latest tips, tricks, reviews and advice on how to trade to a wealthier lifestyle

View more articles by

Related Articles

WTI crude oil prices edge above $69
WTI crude oil prices edge above $69.50 amid escalating trade tensions
Bank of Japan members acknowledge inflation exceeds expectations, signaling continued vigilance
Bank of Japan members acknowledge inflation exceeds expectations, signaling continued vigilance
Tokyo's consumer inflation remains steady in March, surpassing Bank of Japan's target
Tokyo's consumer inflation remains steady in March, surpassing Bank of Japan's target
WTI Crude Oil Price Inches Up Above $69
WTI Crude Oil Price Inches Up Above $69.50 Amid Venezuela Supply Disruptions
Tariff Concerns Weigh on EURUSD, Triggering Market Volatility
Tariff Concerns Weigh on EUR/USD, Triggering Market Volatility