Gold price seems to struggle to capitalize on modest intraday gains and remains below the overnight swing-high level as traders opt to wait for the release of the US Consumer Price Index (CPI). The crucial consumer inflation data will play a key role in influencing market expectations about the Federal Reserve's (Fed) rate-cut path, and provide a fresh directional impetus to the non-yielding Gold price.
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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.