Gold Price Forecast: XAU/USD to rebound on soft US inflation report Gold XAUUSD CPI UnitedStates
August inflation data from the US could trigger a significant reaction data for August on Tuesday. FOMC policymakers refrained from confirming a 75 bps rate hike in September and a soft inflation report could cause the probability of a 50 bps rate increase to rise. In that scenario, US T-bond yields are likely to fall sharply and trigger a decisive rally in gold. On the flip side, stronger-than-expected CPI prints could cement a 75 bps rate hike and not allow XAU/USD to turn north.
“The University of Michigan’s flash September Consumer Sentiment Index report will be released on Friday. A decline in 5-10 year consumer inflation expectations should hurt the dollar, while an unexpected increase could help the currency gather strength and weigh on XAU/USD.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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