Investors are cautious ahead of inflation reports
During the January 8 session, world gold prices were still unable to create buying pressure as investors were cautious before the US inflation report on Thursday and worried about the Fed's uncertainty about the timing of interest rate cuts. . In case the upcoming US CPI figures are higher than expected, precious metals will certainly come under pressure. Gold is currently touching $2,029 after falling from $2,038 last night.
In the long term, the Fed's interest rate cut is estimated to almost certainly happen this year, so gold prices still have many grounds to increase in the near future.
During the January 8 session, world gold prices were still unable to create buying pressure as investors were cautious before the US inflation report on Thursday and worried about the Fed's uncertainty about the timing of interest rate cuts. . In case the upcoming US CPI figures are higher than expected, precious metals will certainly come under pressure. Gold is currently touching $2,029 after falling from $2,038 last night.
In the long term, the Fed's interest rate cut is estimated to almost certainly happen this year, so gold prices still have many grounds to increase in the near future.
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