$4,000 at sight: Gold bleeding continues as Middle East crisis escalates, Fed hike coming
Spot Gold extends its slump on Wednesday, and approaches the 2026 low posted in March at $4,098.
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4.2% headline, 0.2% core: Why the Fed’s next hike may be targeting the wrong problem
May’s Consumer Price Index (CPI) put headline inflation at 4.2% on the year, up from 3.8% in April and the hottest reading since April 2023, while core prices rose just 0.2% on the month, undershooting the 0.3% consensus and halving April’s pace.
Brutal sell-off: Silver deepens months-long slide, refocusing on $60
Silver has never been known for its calm temperament.
Gold just breached 200-day moving average: Why the US CPI report is key
Gold just flashed a major sell signal on a breach of the critical 200-day SMA. While bears should remain cautious, the upcoming US CPI report could still reverse the outlook, deciding whether Gold rebounds to $4,450 or dives into deeper lows.
Indian Rupee rebounds from record lows: Relief rally or real reversal?
The Indian Rupee has rebounded from the all-time low against the US Dollar, helped by coordinated action by the Reserve Bank of India and the government to attract foreign inflows.
Gold Price Forecast: XAU/USD eyes $4,100 and US CPI as US-Iran tensions escalate
Gold is under intense selling pressure, accelerating its decline into a second straight day on Wednesday. The bright metal keeps renewing three-month lows below $4,200 as traders eagerly await the US Consumer Price Index (CPI) data due later in the day.