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Gold (XAU/USD) Price Forecast: Adrift Within Consolidation Pattern
Gold weakened further on Tuesday as Monday’s low of $3,341 was breached, reaching a low of $3,331 for the day. The session is set to close as a narrow-range day, with a high of $3,359 marking a successful test of resistance near the 20-Day MA, now at $3,356. This level, along with the 50-Day MA just above, is now showing a zone of potential short-term resistance. Monday’s decline also pushed the metal decisively below both the 20-Day and 50-Day moving averages, closing beneath them for the first time in two weeks — a sign that momentum has shifted in favor of sellers, at least in the short term. A lower swing ... (full story)
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Jerome “Too Late” Powell must NOW lower the rate. Steve “Manouychin” really gave me a “beauty”when he pushed this loser. The damage he has done by always being Too Late is incalculable. Fortunately, the economy is sooo good that we’ve blown through Powell and the complacent Board. I am, though, considering allowing a major lawsuit against Powell to proceed because of the horrible, and grossly incompetent, job he has done in managing the construction of the Fed Buildings. Three Billion Dollars for a job that should have been a $50 Million Dollar fix up. Not good! *TRUMP: CONSIDERING ALLOWING A MAJOR LAWSUIT AGAINST POWELL *TRUMP: CONSIDERING POWELL LAWSUIT OVER FED BUILDING MANAGEMENT
From msn.com | Aug 12, 2025
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The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in July, after rising 0.3 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.7 percent before seasonal adjustment. The index for shelter rose 0.2 percent in July and was the ...
