-
Gold Outlook Hinges On US CPI Data
Gold prices caught our attention on Monday morning after briefly punching above $1930 as the dollar retreated. chart Over the last few weeks, the precious metal has been influenced by conflicting forces and this continues to be reflected in the choppy price action. The potent cocktail of themes ranging from Fed hike expectations, global growth concerns, and dollar volatility among others have trapped prices within a wide range. Bulls and bears remain engaged in a fierce tug of war with a fresh fundamental spark needed to shift the scales of power in one direction. Regarding the technical outlook, gold is still ... (full story)