Gold Price Forecast: XAU/USD extends recovery above $1,910 after US Core PCE

July 1, 2023

in Forex

Reading Time: 1 min read

The US dollar weakened following consumer inflation data.
DXY drops 0.4%, retreating from two-week highs.
XAU/USD reached its highest level in three days.

Gold prices are having their best day in weeks on Friday, boosted by a decline in the US dollar across the board. XAU/USD jumped from near $1,905 to $1,920 following the release of the US Core Personal Consumption Expenditure Price Index.

Support authors and subscribe to content

This is premium stuff. Subscribe to read the entire article.

Gain access to all our Premium contents.
More than 100+ articles.

Subscribe Now

Buy Article

Unlock this article and gain permanent access to read it.

Unlock Now

Gold Price Forecast: XAU/USD extends recovery above $1,910 after US Core PCE

Related Articles

Gold closes week above $2,700, US PCE data in Focus

Dow Jones Industrial Average squeezes out another 400 point gain on Friday

Gold price advances to near two-week high, eyes $2,700 on geopolitical tensions

India Gold price today: Gold rises, according to FXStreet data

USD/INR gathers strength as geopolitical risks, foreign fund outflows drag Indian Rupee lower

EUR/JPY recovers few pips from daily low, keeps the red around mid-163.00s

Malaysia Gold price today: Gold rises, according to FXStreet data

NZD/USD Price Analysis: Pair saw a volatile session, high near 20-day SMA then retreated

Fed’s Goolsbee: The Fed needs to focus on longer trends.

Navigate Site

Welcome Back!

Retrieve your password

Are you sure want to unlock this post?

Are you sure want to cancel subscription?

Gold Price Forecast: XAU/USD extends recovery above $1,910 after US Core PCE

Support authors and subscribe to content

Subscribe

Buy Article

Related Articles

Navigate Site

Follow Us

Welcome Back!

Retrieve your password

Are you sure want to unlock this post?

Are you sure want to cancel subscription?