XAUUSD CONFIR SELL IDEA FOR TODAY

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Gold price is, therefore, benefiting from a broad-based US Dollar decline early Monday, rebounding from near one-week lows of $1,915. The further upside in Gold price, however, appears elusive amid an upswing in the US Treasury bond yields. Additionally, China’s slowing CPI and deflation in the factory gate inflation could also Gold buyers on a cautious footing. China’s CPI rose 0.1% in August from a year earlier, reversing course slightly from a fall of 0.3% in July, according to data published on Saturday by the National Bureau of Statistics (NBS).
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