Spot Gold trades around $1,923 a troy ounce, recovering the ground lost on Monday and posting a fresh weekly high of $1,9131.57, still below last wee
XAU/USD Current price: $1,923.82 Signs of easing global inflation underpinned the market mood on Tuesday. Upbeat United States data pushed Wall Street to fresh weekly highs. XAU/USD maintains its bullish stance but still needs to surpass $1,932.60. k’s peak. The US Dollar turned lower during American trading hours as upbeat United States data boosted the mood. Wall Street shrugged off the negative tone of its European counterparts and extended Monday’s rally amid encouraging earnings reports.
6%, decreasing from 6% in Q2 and below the 5.9% anticipated by market participants. Also, Canada informed that the CPI declined 0.1% MoM in September and hit 3.8% YoY, easing from the previous 4%. The United Kingdom will post an inflation update on Wednesday. XAU/USD short-term technical outlook The daily chart for XAU/USD shows the risk skews to the upside, although the pair needs to clear $1,932.60, last week’s high.
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