Hello everyone! Today, the gold market continues to trade below $1910. It seems that gold is moving without much momentum as it has dropped about $5 compared to the previous trading session.
The main reason for the decline in gold may come from higher-than-expected consumer price index (CPI) last month. In August, the CPI in the United States increased by 3.7% compared to the same period last year, and core CPI increased by 4.3% during that time, putting pressure on this precious metal.
The main reason for the decline in gold may come from higher-than-expected consumer price index (CPI) last month. In August, the CPI in the United States increased by 3.7% compared to the same period last year, and core CPI increased by 4.3% during that time, putting pressure on this precious metal.
Note
Wishing you a smooth and successful transactionNote
Gold has dropped to the price range of 1905 USDNote
After many consecutive days of decline, today's world gold price has increased again when US economic data improves, the European Central Bank (ECB) may stop raising interest rates.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.