Gold Holds Firm: US CPI ignite the trend?
VloĆŸit
- Äas pĆidĂĄn 8. 07. 2024
- In the past week, gold has been locked in a sideways pattern, with bulls showing some strength. Weak US jobs data and geopolitical concerns have supported the yellow metal, but the PBoC's pause on purchases and rising bets on a Trump comeback have capped any significant gains.
With June US CPI data coming tomorrow, could it be the game-changer that gold needs? $2400 or $2330, where will it bring the gold market to?
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Thanks for the analysis
Thanks Ms. Wu