$4,150 Remains a Tough Nut to Crack for Gold as US CPI Report Looms
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.5 Articles
5 Articles
Gold prices are once again under pressure in global markets. Inflation data from the US and expectations regarding the Federal Reserve's interest rate policy are set to be decisive in determining the direction of the precious metal. Analysts point out that certain price levels in the coming period could trigger sharp movements in the market.
Investors are waiting for the U.S. inflation signal.
Ahead of today's US CPI data release, a cautious wait is evident in the gold market, while the rise in the probability of a Fed interest rate hike in December to 84% has increased pressure on the precious metal. Yesterday, the price of gold tested its highest level since October 20th at $4,148 per ounce, heading towards a three-week high; as of 06:00 Turkish time today, it was priced at $4,112. Gram gold also started the day at 6,639 TL.
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
