Gold (XAU) Daily Forecast: Market Jitters Keep Gold Near $2,642; Dollar Eases Before US CPI
by admin | Oct 8, 2024 | Gold Price Now |
- Gold prices hover near $2,642 as strong U.S. labor data tempers hopes for a significant Fed rate cut; CPI data may shift outlook.
- U.S. Dollar’s recent pullback provides temporary relief for gold prices; traders keenly await the upcoming US CPI and PPI reports.
- Fed officials hint at cautious rate cuts, citing strong job growth; gold investors brace for volatility amid mixed signals.
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