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Gold slips as CPI data tempers rate cut hopes with Fed credibility in focus
Gold (XAU/USD) is trading in a narrow range on Tuesday, following the US Consumer Price Index (CPI) report that reinforced expectations the Federal Reserve (Fed) may refrain from a near-term rate pivot. At the time of writing, the precious metal is trading below $3,330, with risk sentiment and a slight uptick in risk sentiment limiting the upside move. The June Consumer Price Index (CPI) showed that headline CPI rose 2.7% (YoY), in line with expectations, while core CPI came in at 2.9%, slightly lower than the 3% consensus but still well above the Fed’s 2% target. The lack of faster disinflation has tempered ... (full story)
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- Jul 15, 2025 11:20am Posted byTechnical Analysis241
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