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Gold Price Forecast: XAU/USD holds above $2,000, PBoC rate decision, FOMC Minutes eyed
Gold price (XAU/USD) holds above $2,000 during the early Asian session on Monday. US economic data suggests inflation is stickier than expected and prompted financial markets to dial back expectations that the Federal Reserve (Fed) would start cutting interest rates in June. At press time, the gold price is trading at $2,014, gaining 0.12% on the day. The Producer Price Index (PPI) for final demand rose 0.3% MoM in January from a 0.1% decline in December, the largest increase since August 2023. On an annual basis, the PPI figure climbed 0.9% YoY from a 1.0% rise in the previous reading. Meanwhile, US Housing Starts ... (full story)