Gold prices to rise into US CPI print?

Gold prices are in a major focus right now ahead of the US CPI print due to be released on Wednesday at 1:30 UK time. Gold is extremely sensitive to US interest rate expectations and dollar moves. This has meant that gold prices are being pushed and pulled around on fluctuating expectations surrounding the future path of US rates. Therefore, it is a helpful instrument for expressing a bias in how the Fed is doing in its inflation battle. On Wednesday, markets will find out how inflation is doing in the US. There is a strong potential for gold movements on this print. If inflation comes in higher than markets are ...