Gold (XAUUSD) experiences a bullish trend, climbing for the second consecutive day, now trading around $2,655. This upward movement follows the recent report from the Institute of Supply Management (ISM), which revealed concerning inflation levels in the services sector.

The ISM Services Prices Paid index surged to 64.4 in December, rising from 58.2 the previous month, indicating strong pricing pressures. This could enhance gold’s appeal as an inflation hedge. Traders are advised to keep a close watch on market shifts and gold’s response to economic data. For comprehensive coverage and in-depth analysis, visit Entreprenerdly.com.