#XAUUSD @ 2,029.50 Gold Price Forecast: to reach all-time record high on any signs of easing US inflation – ANZ
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Gold inched higher yesterday ahead of key inflation data in the United States. Economists at ANZ Bank expect the yellow metal to hit a new all-time record high on a soft report.
“Investors are watching for any clues on the Federal Reserve’s interest rate trajectory.”
“The precious metal has been hovering around the $2,020/oz mark for several sessions, which is just below its all-time record high. Any signs of easing consumer prices should see this record under threat.”
See – US CPI: Banks Preview, hot inflation still the norm
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