![]() CPI out later today, we may see a rebound in stocks if the data shows inflation continues to drop - but we are likely to continue seeing buying support for gold as concerns about growth are keeping the path of least resistance tilted to the upside," she added.įed Chair Jerome Powell has said it was now an open question whether further rate increases will be warranted in an economy still facing high inflation, but also showing signs of a slowdown. "For the time being, gold in dollar terms remains well supported until $1,970, whilst resistance may arise in the area between $2,066 and $2,076," said senior market analyst at, Daniela Hathorn. Economists polled by Reuters expect a 5.5% year-on-year increase in core consumer prices for April. ![]() consumer price index (CPI) data is due at 1230 GMT. Spot gold was down 0.3% to $2,028.06 per ounce by 0850 GMT, while U.S. ![]() ![]() inflation data, which could have a bearing on the Federal Reserve's interest rate policy. GOLD prices eased on Wednesday after rising in the previous two sessions, as investors positioned for the April U.S. ![]()
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