💵Gold Struggles After Unimpactful FOMC
Gold prices surged on Wednesday, opening at around $1,859 and reaching a daily high near $1,877. However, the latest Federal Reserve (Fed) meeting minutes failed to trigger significant market reactions. Fed officials emphasized inflation risks and policy measures, but investors remained cautious.
On Thursday, the US CPI index is expected to slightly decrease from 3.7% to 3.6% on a year-to-year basis in September. This potential price slowdown might heighten market inflation concerns, pushing the US Dollar (USD) higher again. Yet, the USD remains limited for now, and Gold traders struggle to find new grounds for XAU/USD today. Stay tuned for updates as market dynamics continue to unfold.
On Thursday, the US CPI index is expected to slightly decrease from 3.7% to 3.6% on a year-to-year basis in September. This potential price slowdown might heighten market inflation concerns, pushing the US Dollar (USD) higher again. Yet, the USD remains limited for now, and Gold traders struggle to find new grounds for XAU/USD today. Stay tuned for updates as market dynamics continue to unfold.
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