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Gold Price Forecast: XAU/USD stretches rangebound auction below $1,880 ahead of US Inflation

Commodity traders eye record profits in the final quarter of 2022 – What's next? [Video]
  • Gold price has continued to trade sideways further around $1,880.00 as the focus has shifted to US inflation data.
  • Only a stronger-than-expected US CPI would avoid a slide to fresh lows for the USD Index.
  • Lower wage inflation and weaker PMI numbers have forced Fed policymakers to revise their viewpoint on policy projections.

Gold price (XAU/USD) is struggling to find a direction amid a quiet market mood. The precious metal is oscillating below $1,880.00 as investors are likely . . .

Written by Paul Hough