ANZ predicts that the price of gold, currently at 1,909.29 for XAUUSD, will face difficulties if there are any unexpected increases in US inflation.

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XAUUSD Chart by TradingView

Gold price is extending the previous decline while heading toward the $1,900 threshold. Economists at ANZ Bank analyze the yellow metal’s outlook ahead of the key US Consumer Price Index (CPI) data.

See – US CPI Preview: Forecasts from 10 major banks, strong headline with rising energy prices

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