Gold Prices Retreat as Traders Await US CPI Data
Gold prices observed a pullback from a two-week high, driven by cautious sentiment ahead of the US Consumer Price Index (CPI) release. The XAU/USD pair extended its weekly uptrend for the third consecutive day, climbing to a two-and-a-half-week peak during the Asian session. Crucial economic data will likely influence the price trajectory of gold in the coming days. Investors should be prepared for volatility as gold remains a critical asset in times of economic uncertainty. With key inflation figures on the horizon, market participants must approach trading with strategic insight and a focus on potential price movements shaped by macroeconomic conditions.
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