Tony_barry

Gold trend analysis

Long
Tony_barry Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
The U.S. Consumer Price Index (CPI) data for August released on Wednesday will become the focus of market attention. CPI is expected to rise 0.5% month-on-month in August, while core CPI is expected to rise 0.2% month-on-month. Markets don't expect the Fed to raise policy rates in September, and inflation data is unlikely to change that view. I think gold will rise to a certain extent tomorrow

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