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Gold Prices React to Key US Inflation Data /
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2024-05-13 20:05:18

Gold Prices React to Key US Inflation Data on Nostr: Gold Prices Slide Amid Risk-On Mood and Upcoming US Data =============== #1427aa63 ...

Gold Prices Slide Amid Risk-On Mood and Upcoming US Data
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#1427aa63 ver:0.07

Gold prices slide as traders adopt a cautious outlook amid recent volatility. US inflation data release could impact the Federal Reserve's decision on interest rates. Despite the dip, the uptrend remains intact with potential support levels at $2,306 and $2,300. Gold is a safe-haven asset and a hedge against inflation and depreciating currencies. Central banks continue to increase their gold reserves. #GoldPrices #InflationData #FederalReserve #SafeHavenAsset...

#newstr #Gold #UsTreasuryYields #InflationData #FedChairPowell #RiskonImpulse #UsBureauOfLaborStatistics #ProducerPriceIndex #ConsumerPriceIndex #TechnicalAnalysis #SafehavenAsset

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