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Gold Prices Set for Continued Volatility as Global Risks and Economic Data Dominate
Dollar Gold Platinum Silver
December 21, 2023305Views0Likes0Comments

Market update: gold price – lining up for a year-end rally if US inflation cooperates?

The latest US inflation will steer gold going into 2024. Gold continues to test resistance, 20-dsma acting as near-term support. The technical outlook for gold is looking increasingly positive as we near the last major data event of 2023, the Fed’s preferred measure of inflation, Core PCE. This Friday’s release is expected to show the November Core…

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Gold Price reconquered $2,510
Dollar Gold Platinum Silver
December 13, 2023412Views0Likes0Comments

Gold prices need to hold support at $2,010 as U.S. CPI hold steady, rising 3.1% in November

The gold market is trying to hold critical support around $2,010 an ounce as inflation pressures remain relatively unchanged from last month and in line with expectations. Tuesday, the U.S. Labor Department said its Consumer Price Index rose 0.1% last month, following an unchanged reading in October. The data was slightly hotter than expected, as economists…

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